In Part Three, Greenspoon Marder attorneys Hector Chichoni and Ruben Gottlieb bring the conversation full circle, focusing on the critical steps individuals should take before establishing U.S. residency. This session highlights how proactive planning can significantly reduce future tax exposure and reporting burdens. Key strategies include establishing foreign or irrevocable trusts in advance, gifting assets prior to U.S. domicile to avoid transfer taxes, accelerating income recognition while still outside U.S. tax jurisdiction, and disposing of appreciated assets before becoming subject to U.S. taxation. The discussion also explores how life insurance, foreign accounts, and reporting obligations such as FBARs can dramatically change once residency begins.

The session underscores the importance of aligning immigration and tax planning to a ...