Practice Areas

PERSONAL-WEALTH PLANNING

• International estate planning & probate

At PKDB, our International Estate Planning practice offers unparalleled legal guidance for individuals, families, and fiduciaries navigating the complexities of cross-border estate planning and wealth preservation. Our team of experienced attorneys understands the unique challenges posed by international assets and the diverse legal systems governing them. We specialize in creating sophisticated estate plans that address the nuances of multiple jurisdictions, ensuring that our clients’ global assets are protected, and their legacy is preserved according to their wishes. Our approach is tailored to each client's specific circumstances, encompassing everything from international wills and trusts to tax-efficient structures and compliance with foreign legal requirements. We pride ourselves on our ability to provide clear, comprehensive advice that simplifies the complexities of international estate planning, offering peace of mind to our clients and their families.

Recognizing the importance of strategic planning in a global context, PKDB is dedicated to delivering solutions that not only safeguard assets across borders but also minimize global tax liabilities and ensure seamless succession. Our attorneys are adept at navigating the intricacies of international tax laws, treaties, and regulations, providing counsel that is both forward-thinking and compliant. Whether you are a U.S. citizen with assets abroad, a non-resident with U.S. holdings, or an international family planning for future generations, our firm is equipped to address your estate planning needs with the utmost care and expertise. By choosing PKDB, clients gain access to a team that values discretion, prioritizes their goals, and is committed to achieving the best possible outcomes for their international estate planning needs.

• Pre-Immigration Tax Planning

At PKDB, we specialize in Pre-Immigration Tax Planning, offering a highly specialized service tailored for affluent individuals and families planning to change their tax residency. Understanding the pivotal financial implications this move can have, our dedicated team of tax attorneys provides expert guidance and strategic planning to mitigate tax liabilities and optimize your financial position before you establish residency in a new jurisdiction. Our practice is built on a foundation of in-depth knowledge of international tax laws and the nuances of various tax jurisdictions worldwide. This expertise allows us to craft bespoke tax planning solutions that are as unique as the clients we serve, ensuring a seamless transition with optimized tax outcomes.

Navigating the complexities of pre-residency tax planning demands a proactive and comprehensive approach. Our services include detailed assessments of your current tax obligations, strategic tax positioning, and the alignment of your financial assets in preparation for residency change. By leveraging our extensive understanding of global tax regulations and treaties, we assist clients in minimizing their overall tax burden while ensuring full compliance with legal requirements. Whether it's restructuring investments, advising on the timing of the move, or implementing tax-efficient wealth transfer strategies, our goal is to provide peace of mind through meticulous planning and precision execution.

Choosing PKDB for your Pre-Residency Tax Planning means partnering with a firm that prioritizes your financial well-being and confidentiality. We understand the significance of the decision to change residency and its impact on your financial landscape. Our commitment to discretion, coupled with our dedication to delivering personalized and effective tax strategies, sets us apart. Our attorneys and tax professionals work closely with each client, building long-term relationships that extend beyond the residency change. With PKDB, you're not just preparing for a new residency; you're securing your financial future and legacy with trusted advisors who are at the forefront of global tax planning excellence.

• Foreign account tax compliance

At PKDB, we excel in the specialized field of Foreign Account Tax Compliance, offering unrivaled expertise in FATCA (Foreign Account Tax Compliance Act), FBAR (Report of Foreign Bank and Financial Accounts), and the IRS e Voluntary Disclosure Program (VDP). Our dedicated practice area is designed to assist U.S. taxpayers, including individuals, corporations, trusts, and estates, in navigating the complexities of reporting foreign financial assets and complying with U.S. tax law. With a deep and nuanced understanding of the regulatory landscape, our seasoned tax attorneys provide strategic guidance to mitigate risks, minimize tax liabilities, and ensure compliance with evolving tax regulations. By prioritizing confidentiality and client-centric solutions, we strive to safeguard the interests of those with international financial activities, ensuring peace of mind and legal security.

Recognizing the challenges and potential penalties associated with non-compliance, our firm offers comprehensive services tailored to each client's unique situation. From deciphering the obligations under FATCA and FBAR to navigating the nuanced process of the IRS VDP, we offer a roadmap to compliance that is both strategic and sensitive to the personal stakes involved. Our approach is hands-on, providing detailed assistance with the preparation and filing of required disclosures, negotiating with tax authorities, and, when necessary, representing clients in disputes or litigation. We understand the importance of rectifying past non-compliance and work diligently to protect our clients from penalties, ensuring a clean slate and compliant future.

PKDB is not just a law firm; it's a partner in managing your international tax compliance needs. We believe in a proactive rather than reactive approach to tax compliance, offering ongoing advisory services to keep our clients ahead of the curve as international tax laws evolve. Our commitment to excellence, combined with our expertise in FATCA, FBAR, and the IRS VDP, makes us the trusted choice for individuals and entities dealing with the complexities of foreign account tax compliance. Whether you are seeking to disclose previously unreported foreign assets or need guidance on maintaining compliance, our team is equipped to provide the clarity and direction needed to navigate the intricacies of international tax obligations confidently.

• Tax expatriation

At PKDB, our Tax Expatriation practice area is designed to assist individuals and families with the complex tax and financial implications of renouncing U.S. citizenship or long-term residency. Our seasoned tax attorneys understand the profound impact of expatriation on an individual's tax obligations and financial planning. We specialize in navigating the intricate requirements of the U.S. tax code, including compliance with the expatriation tax provisions under the Heroes Earnings Assistance and Relief Tax Act (HEART Act). Our firm provides comprehensive counsel on pre-expatriation tax planning, calculation of the exit tax, and strategies to minimize the global tax footprint while ensuring full compliance with U.S. and international tax laws. By taking a personalized approach, we aim to guide our clients through the expatriation process with strategic advice that protects their financial interests and secures their future outside of the United States.

PKDB is committed to offering a seamless and supportive advisory service for those considering expatriation. Recognizing the significance of such a decision, our firm not only addresses the immediate tax implications but also considers the long-term financial and legal consequences of renouncing U.S. citizenship or residency. We work closely with our clients to evaluate their global assets, family dynamics, and personal goals, ensuring that every aspect of their expatriation journey is managed with the utmost care and professionalism. Our expertise extends to advising on the renunciation process, potential nationality issues, and planning for a tax-efficient relocation. Choosing PKDB means entrusting your expatriation process to a team that values your financial well-being and personal freedom, offering tailored solutions that meet your unique needs and aspirations.

• Foreign investment in U.S. real Property

At PKDB, our Foreign Investment in U.S. Real Estate practice area is dedicated to providing international investors with expert legal guidance on navigating the complexities of investing in the U.S. real estate market, with a keen focus on optimizing income tax, estate, and gift tax consequences. Our seasoned attorneys bring a wealth of experience in international tax law and real estate transactions, offering comprehensive solutions that address the unique challenges faced by foreign investors. We understand the intricacies of U.S. tax regulations and how they impact property ownership, investment structuring, and cross-border transactions. Our firm specializes in crafting tailored strategies that minimize tax liabilities and protect investments, from direct real estate purchases to sophisticated investment vehicles. By staying abreast of the latest tax law developments and leveraging our deep understanding of the U.S. real estate market, we ensure our clients’ investments are both profitable and compliant with U.S. tax obligations.

PKDB is committed to providing a seamless advisory experience for foreign nationals looking to invest in U.S. real estate. Our multidisciplinary approach combines the expertise of tax specialists, real estate attorneys, and estate planners to offer a holistic service that addresses all potential tax implications of foreign investment in U.S. property. We assist clients in navigating the Foreign Investment in Real Property Tax Act (FIRPTA), structuring investments to avoid or reduce estate and gift taxes, and implementing strategies for efficient income tax planning. Recognizing the importance of thorough due diligence and strategic planning, our team works diligently to ensure that every aspect of our clients’ investment is aligned with their financial goals and tax planning objectives. By partnering with PKDB, foreign investors gain not only a legal advisor but a strategic ally committed to maximizing their U.S. real estate investment’s success and ensuring compliance with complex U.S. tax laws.