A family walked into our office for the first time with what they considered to be an “air-tight” estate plan that they had the utmost confidence in.
Unbeknownst to them, their estate plan failed to account for forced heirship laws in international jurisdictions, tax treaties between the countries, as well as how gift taxes in the country worked.
Without our guidance, they would have left multiple real estate assets to children from outside the marriage they never intended to bequest them to—forcing the surviving spouse to give up her beloved home, and short-changing
her long-term income.
With our guidance, they have structured their estate plan properly reflect the family’s wishes, saving potentially millions of dollars in future litigation costs amongst the family members, and providing for greater protection against threats from Creditors, Predators, Divorce and U.S. Estate Taxes. Now, their estate plan, both domestically and internationally, is indeed, as “air-tight” as it can be.