SELLEST OSAST
What happens when a US family member moves abroad, or when you finally buy that dream villa in Tuscany? The tax and estate planning implications might surprise you and could even render your investment worthless if you're not careful.
In this episode, host David Savir reconnects with law school classmate Sarah Jacobson, a Partner at Day Pitney and one of the leading voices in international estate planning for high-net-worth families. Based in Miami, Sarah has spent her career navigating the complex intersection of US tax law, foreign trust structures, and cross-border wealth transfers.
Their conversation reveals eye-opening scenarios that catch even sophisticated families off guard: how a single trustee relocating to the UK can accidentally trigger an exit tax on an entire trust, why funding a simple revocable living trust while living abroad could cost you 20% upfront in certain countries, and the surprising concept of "forced heirship" that overrides your will in places like Italy and Costa Rica. Sarah also shares how the rise of digital nomads and second-passport seekers is creating tax complexities that existing laws simply haven't caught up with yet.
Whether you own foreign real estate, have family members scattered across the globe, or are considering a move abroad yourself, this episode is essential listening.
Chapters:
00:00 – Cross-Border Wealth Planning: Protecting Assets & Navigating Global Tax | Sarah Jacobson, Day Pitney
01:30 – Sarah's Practice: Inbound vs. Outbound International Estate Planning
04:02 – When US Family Members Move Abroad: Trust Implications and the Exit Tax Trap
10:16 – Family Dynamics: Navigating Different Treatment for Global Family Members
13:04 – Owning Property Abroad: Forced Heirship, Succession, and the Brussels IV Election
20:42 – US Citizens Relocating Overseas: Hidden Tax Pitfalls and the Revocable Trust Trap
25:11 – The Discovery Process: Getting a Holistic Picture of a Client's Global Life
28:01 – The Future of International Planning: Digital Nomads and Evolving Complexity
32:17 – Day Pitney's Family Office Practice: Why Family Offices Aren't Just Another Company
35:36 – Closing Thoughts and Farewell
Co-hosted by Element Pointe Family Office CEO and Co-Founder David Savir and CIO and Co-Founder Carlos Dominguez, this podcast explores topics that matter to ultra-high-net-worth families and family offices. Each episode features candid, in-depth conversations with expert advisors, industry leaders, and influential voices across wealth management, investing, philanthropy, cybersecurity, art, travel, private aviation, and more. New episodes released twice a month on Thursdays. Follow us on YouTube, Spotify, and Apple Podcast.
Links:
Element Pointe Family Office: elementpointe.com
Spotify: https://open.spotify.com/show/7zeWi0jLDpbaw90AHsvh5r?si=d856e03ca281479e
Apple Podcast: https://podcasters.spotify.com/pod/show/on-pointe
Disclaimers:
The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice. The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions.
This content is for general informational purposes only and does not constitute legal advice. Listening to, commenting on, or reading a transcript of this podcast does not establish an attorney-client relationship. If you require legal advice on a specific matter, please consult with an attorney.
Questions: marketing@elementpointe.com
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