Hello. This is the International Inheritance Team at Law Firm Jonjae.

On July 1, 2024, the International Law Center of Law Firm Jonjae successfully concluded a seminar on 「Tax-Saving Strategies for Inheritance and Gift Tax on U.S. Real Estate and Securities Investments」.

Why Cross-Border Inheritance Between Korea and the U.S. Matters Now

As U.S. business expands, real estate and stock investments increase, and as the number of family members who are U.S. permanent residents and citizens grows, tax issues arising from gifts and inheritances of domestic and overseas assets are becoming increasingly complex. This is because the tax structure can change completely depending on the governing law of the asset owner, in situations where the tax laws of both Korea and the United States apply simultaneously.

This seminar was planned out of such practical needs. It was a place to deepen understanding of tax issues and reporting systems regarding gifts and inheritances of overseas assets and to share reasonable tax-saving strategies.

A Professional Seminar with a Washington State Attorney

At this seminar, together with speaker Daniel Yoon, a Washington State attorney in the United States, we provided detailed information and strategies for reasonably resolving tax issues according to the governing law for inheritance and gifts.

Participants agreed that international inheritance issues spanning Korea and the U.S. involve far more considerations than simple inheritance in Korea or in the U.S. locally, and they shared that this seminar was extremely useful and interesting.

Overseas Inheritance in Korea, the U.S., and Japan, Law Firm Jonjae International Law Center

Law Firm Jonjae International Law Center provides private inheritance consulting for high-net-worth individuals in Korea and the U.S. as well as SME CEOs, among domestic boutique firms. Not only do we handle the legal procedures for Korea-U.S.-Japan overseas inheritance, but through specialized research on the overall tax system, we design tailored solutions that minimize tax burdens and inheritance disputes.

From CEO Attorney Yoon Ji-sang, a former presiding judge of the Family Court, to CEO Attorney Noh Jong-eon, an icon of family law reforms such as the Goo Hara Act and the abolition of the relative exemption rule, and Attorney Park Sang-jin, a partner specializing in Korea-Japan international litigation — a top-tier team of experts in inheritance law is here together.

If you need help with inheritance and gifts in Korea or abroad, please feel free to contact Law Firm Jonjae at any time.