Designing an estate plan that addresses the foreign property holdings and investments of the settlor needs to properly appreciate the associated particularities of the law and tax consequences. Why? Because two of the most important aspects associated with foreign property in an individual's estate are (1) repatriation of that foreign property and (2) the tax consequences of returning the proceeds from the repatriation of such foreign property or investments to Canada.

Planning and implementing such an estate plan (will or trust) needs to properly account for such complexities. Irrespective of its size, appropriate attention needs to be directed towards the foreign component and how best to extract and distribute it to the estate's intended beneficiaries. For given the potential value associated with such foreign property or investment holdings, it is important not to improperly loses portion of it in the repatriation process.

To request more information or to schedule an appointment with Calgary will lawyer Christopher R. Neufeld, feel free to call 403-400-4092 or email at chris@neufeldlegal.com.

Lawyer Christopher Neufeld is admitted to practice law in Alberta (law firm mailing address: 77 Tuscany Ridge Mews NW, Calgary, Alberta). The content of this website is purely for informational purposes and should not be relied upon - as you should consult a lawyer with respect to the specifics of your particular matter. Please review our legal disclaimer and privacy policy at www.NeufeldLegal.com prior to contacting us and be advised that contacting us does not create a lawyer-client relationship. We require execution of of our retainer agreement, which establishes specific constraints with respect to our representation and our ability to discontinue same under specific circumstances, and payment of the retainer fee, prior to assuming your representation. Copyright 2017.