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FOREIGN PROPERTY IN AN ESTATE PLAN
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 email@example.com.
Neufeld is admitted to
practice law in Alberta (law firm mailing address: 77 Tuscany Ridge Mews NW, Calgary, Alberta).
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consult a lawyer with respect to the specifics of your particular
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