Offshore Accounts in Estate Planning, Probate and Administration: Reporting Requirements, Penalties, Pitfalls to Avoid

Private Wealth Services attorney Kevin Packman, who leads the firm's International Estate Planning Group, will be speaking at a Strafford webinar offering guidance on offshore accounts for estate planners. During the webinar, speakers will explain how to navigate issues stemming from offshore accounts as well as implications of the U.S. Supreme Court's Bittner v. U.S. decision. The discussion will also touch on IRS reporting requirements, the Report of Foreign Bank and Financial Accounts (FBAR), Foreign Account Tax Compliance Act (FATCA) and penalities for noncompliance. Additionally, time will be devoted to strategies for protecting foreign accounts.