Private Client Services

Stefanie Lipson and Laura Zwicker, Co-Chairs of Greenberg Glusker's Private Client Services practice, is slated to speak on the "UK Bare Trust" panel at the 18th Annual STEP Los Angeles International Tax & Estate Planning Forum: Solving International Challenges taking place June 1-2, 2026, in Rancho Palos Verdes. This panel is scheduled for June 2 from 12:50 p.m. to 1:50 p.m.

Session Details

This presentation focuses on the estate/ inheritance tax considerations for US-UK connected individuals, including trust funding during lifetime, risks of dual estate/inheritance tax, the US statutory credit against foreign death tax, a general review of bilateral transfer tax treaties, and specifics of the operation of the US-UK Estate Tax Treaty. The presentation also explores the increasingly important exception in the Treaty for a US domiciliary who creates a US trust (with non UK assets) prior to becoming UK long term resident, and covers mismatch areas where the Treaty may not assist, such as charitable gifts to entities which are not both US and UK qualified, and differences of availability of a US marital deduction and UK spousal exemption.