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Richard is of counsel in the private client and tax team.
He advises on US and international tax and trust and estate planning, with clients based in Europe and the US. He specialises in US tax strategies for individuals, international trusts and closely held business structures. Richard devotes a significant part of his practice to cross-border philanthropy and pioneered the use of dual qualified charitable structures.Richard was educated at University College London and qualified as a solicitor before moving to the US and attending the University of Pennsylvania Law School and has practiced in Washington DC and London. He is admitted as a solicitor in England, as a member of The District of Columbia and US Tax Court Bars.
Recent recognition
Me in a minute
I am very involved personally as well as professionally with the challenges of cross border US/UK tax
Talks
26th Offshore Investment Symposium, speaking on 'News from the USA relevant to Offshore', Oxford, 8 September, 2016
26th Offshore Investment Symposium, co-speaking with Andrew Knight, M Partners S.a.r.l on 'Common Reporting Standards', Oxford, 7 September, 2016
Philanthropy Impact, 'Tax Structuring Update', The Philanthropy Programme, London, 4 May 2016
IBC & Patrick Soares Present Offshore Taxation, Preparing for D-Day (Non-dom day 6/4/2017), 'News from the USA', London - 15 March 2016
American Bar Association Business Planning Group, 'What Every Domestic Estate Planning Attorney Should Know About International Estate Planning,' - 21 October 2015
25th Offshore Investment Oxford Symposium, 'Interaction with Charities' Oxford - September 2015
25th Offshore Investment Oxford Symposium, 'Residents and Tax Issues relevant to the Offshore World', Oxford - September 2015
Offshore Investment Planing for the Super Rich, 'Philanthropy', London - July 2015
IBA Disclosure, Reporting & Compliance for Private Clients, 'Keeping Pace with International Obligations' Panel Discussion with Paul Millen, Deloitte AG and Darlene Hart, US Tax & Financial Services Sarl, Bloomsbury Hotel London - March 2015.
CASE 'Legal Issues in International Fundraising' New York - January 2015.
IBC's Effective Planning for US/UK Private Clients, 'Taxation of US Persons - What Makes an American?', Panel Discussion with David Treitel, American Tax Returns Ltd and Kehrela Hodkinson, Hodkinson Law Group - November 2014
The 21st World Offshore Convention New York - 2014
'An overview and brief introduction. What vehicles drive forward international wealth planning?' Panel Discussion with Peter O'Dwyer of Hainault Capital and William Dalziel of London & Capital; 'Designing a cross-border investment structure to meet clients needs' with Clive Cutbill, - September 2014.
'Legal Issues in International Fundraising' San Francisco - January 2014.
Insight
External publications
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Co-author of The Guide to US/UK Private Wealth Tax Planning (2nd edition), Bloomsbury, July 2016
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'Philanthropy _ - no good deed goes unpunished'_, Offshore Investment - July/August 2015, co-author
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'Can governments make you more virtuous?' , Philanthropy Impact Magazine - Autumn 2013
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'Navigating the Treacherous Tax North Atlantic Aspects of Anglo-American Estate Planning', Chapter 18, A Guide to International Estate Planning, ABA Publishing/Section of Real Property Probate and Trust Law - August 2013
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U.S IRS unveils the FATCA registration portal - Bloomberg Law Tax Planning International European Tax Service and Bloomberg BNA International Tax Centre - August 2013, co-author
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'Why Charities care about FATCA', Offshore Investment - August 2013
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'Intergovernmental Agreements and Their Impact on the Fiduciary and Asset Management Industries', Richard Cassell and Kristin Konschnik, Published Bloomberg BNA - June 2013;
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'The United States of America Chapter in the The Law and Practice of International Charitable Giving', Oxford University Press - November 2012
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Offshore Red, United States and United Kingdom sign Bilateral Agreement to implement FATCA - September 2012
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Offshore Investment, Commentary Section, The Swings and Roundabouts of International Tax Policy - May 2012
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The Foreign Account Tax Compliance Act of 2009, Richard Cassell, Jay Krause,_ Aaron Schumacher Theodore Ahlgren, Tax Planning International Review, BNA International, Volume 36, Number 12 -_ December 2009
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Proposed U.S Foreign Account Tax Compliance Act: Impact on Non-U.S. Financial Institutions, Intermediaries and Investment Vehicles, BNA International World Securities Law Report - December 2009
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Charitable Uses in the US, Richard Cassell and Khrista McCarden, Offshore Investment Journal - July/August 2007
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U.S. Estate Planning For Non-resident Aliens Who Own Partnership Interests by Richard A Cassell, Michael J A Karlin, Michael J.A.; Carlyn S. McCaffrey; and William P. Streng, This report was prepared for a meeting of the American Bar Association Section of Taxation's Committee on U.S. Activities of Foreigners and Tax Treaties, held on 9 May 2003. Release Date June 13, 2003, Cite: Tax Notes Int'l, Aug. 11, 2003, p. 563; 31 Tax Notes Int'l 563 - August 2003
Admissions
Washington DC, 1984
England and Wales, 1981
Education
University College London, B.A.
University of Pennsylvania, LL.M.
Languages
- English
Memberships
International Tax Planning Association (ITPA)
The Society of Trusts and Estates Practitioners (STEP)
ABA
Key dates
- Year joined: 2004
- Year became partner: 2004