| Publisher | HARVARD-INSPIRED PUBLISHERS |
|---|---|
| Author | Peter Lu, Max Lu |
| Publication Date | 2024 |
In the era of cross-border wealth transfer, inheritance planning has evolved from theoretical frameworks to practical applications. It is no longer a standardized model but requires a tailored approach focused on execution and meticulous attention to detail. This is essential for addressing the myriad risks that can arise within the planning process. Each cross-border inheritance plan carries unique risks due to variations in jurisdictions, tax regimes, and legal systems. Successfully navigating these complexities requires close collaboration, mutual understanding, and trust between the planner and the client. Without extensive operational experience, planners should not undertake these complex tasks lightly. Effective cross-border wealth transfer strategies must be customized to align with the distinct cultural and inheritance needs of individual families, ensuring that solutions are not only compliant but also practical and actionable.
The author of this book draws on years of hands-on experience in cross-border wealth transfer planning, providing valuable insights from personal involvement in the execution of family succession plans. Using the establishment of U.S. trusts as a case study, the author has spent over a decade consulting with hundreds of professionals, including U.S. trust lawyers, tax advisors, accountants, and trustee companies. By leveraging the expertise and guidance of these U.S. specialists, the author meticulously addressed every operational, tax, and legal detail to ensure robust risk management and maximize the effectiveness of planning tools, all while meeting the sophisticated needs of high-net-worth families.
| Publisher | HARVARD-INSPIRED PUBLISHERS |
|---|---|
| Author | Peter Lu |
| Publication Date | 2023 |
The author, drawing on years of experience in cross-border family tax planning, has compiled a comprehensive guide to all aspects of U.S. taxation. This book is intended to serve as an essential reference for U.S. green card holders, U.S. citizens, cross-border tax professionals, U.S. immigration legal advisors, corporate professionals, banking and financial experts, and secretaries providing services to offshore companies.
In addition to revisions addressing the changes to U.S. tax law in the 2020 edition, the book includes a newly added chapter on "Cross-Border Wealth Transfer Planning." This chapter guides U.S. persons on how to protect assets and mitigate risks through appropriate wealth planning tools while managing U.S. tax obligations. The ultimate goal is to achieve successful cross-border inheritance. The author presents important tax and planning strategies in a dynamic question-and-answer format, allowing readers to quickly grasp the key points.
| Publisher | HARVARD-INSPIRED PUBLISHERS |
|---|---|
| Author | Peter Lu |
| Publication Date | 2020 |
The book aims to provide comprehensive solutions to your concerns about tax and cross-border wealth planning, serving as an essential guide for Taiwanese businesspeople repatriating funds and for Chinese individuals inheriting assets in Taiwan.
Peter Lu is the founder and president of KEDP CPAs Group. He is a practicing accountant in Taiwan and a certified public accountant in mainland China. He previously served as a manager and partner at Ernst & Young and held a position as a senior tax officer at the Taipei National Tax Administration of Taiwan's Ministry of Finance.His works include Peter Lu's Guide to Tax Savings and Wealth Accumulation, Q&A on Cross-Border Taxation Between the U.S., China, and Taiwan, U.S. Tax Filing and Foreign Asset Disclosure, and Cross-Border Wealth Transfer and Family Trust Planning Practices (Estate Planning by U.S. Trusts), among other bilingual publications.
