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30. How to get a US/UK cross-border estate plan done | Ask An Expert with Paula Jones
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Working with cross-border attorneys who have expertise in both US and UK law is crucial for navigating the complexities of international estate planning. Luckily, we’ve got one here. Paula Jones is a cross-border estate planning attorney. She’s the principal and founder of Jones Estate Group, a law firm based in Philadelphia that serves clients across the US and internationally.
Richard and Paula discuss the importance of working with cross-border attorneys who have expertise in both US and UK law, as well as the need for a network of advisors to navigate the complexities of international estate planning.
If you are, as Paula refers to them, a multinational (you’ve got a business relationship with the US plus a non-US component), you’ll need to know the pitfalls of US federal and state estate taxes, inheritance taxes, and the differences in probate processes across states. Paula explains that probate fees and legal fees vary depending on the jurisdiction, and the process can be delayed if the probate office is backed up. Filled with the answers to the questions you need to know, this episode is a must for any multinational.
We're the Brits in America is affiliated with Plan First Wealth LLC, an SEC registered investment advisor. The views and opinions expressed in this program are those of the speakers and do not necessarily reflect the views or positions of Plan First Wealth.
Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Plan First Wealth does not provide any tax and/or legal advice and strongly recommends that listeners seek their own advice in these areas.
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