Lathrop GPM Partner Martin Behn was recently featured on WealthManagement.com’s “Celebrity Estates” podcast, where he discussed the complexities of cross-border estate planning.
Drawing on the example of actress Catherine O’Hara, Behn provided insight into how advisors must evaluate globally held assets, navigate multiple legal jurisdictions and tax regimes, and account for international tax treaties. He emphasized the importance of distinguishing between citizenship, residency and domicile when determining estate tax outcomes, as well as the risks posed by forced heirship laws in certain countries. Behn also highlighted the need for coordinated planning across jurisdictions – including the use of multiple estate planning documents and collaboration among legal and financial advisors – to ensure effective wealth transfer for clients with international ties.
Watch the full podcast here: Celebrity Estates: Cross-Border Estate Planning Lessons