Many Americans who live in the UK know that managing finances in two countries is not always straightforward. From filing taxes on both sides of the Atlantic to estate planning and everything in between – it can be a complex process.
In London & Capital’s podcast for international Americans, Robert Paul, Partner in the US Family Office, and his panel of experts discuss the major issues that US expats need to navigate when living in the UK.
Subscribe now to our Podcast series ‘A United Approach’ for unprecedented insights into how you can navigate the complexities faced by US expats in the UK.
CROSS BORDER PHILANTHROPY
Robert Paul, Partner in the US Family Office spoke to John Canady, CEP at NPT UK and Iain Younger at Frank Hirth about giving philanthropically to ensure that the maximum benefit is acheived, we have summarised their discussion below.
Altogether, charitable giving is a way of life for many Americans. In 2017, charitable giving in the US reached an estimated $410bn* (£315bn), a figure that far outpaces the £10.3b** given to charity in the UK in the same year.
Charitable donations and philanthropy are increasingly being done with wealth managers and accountants in the US, in part because donations come with tax advantages and form part of a holistic financial plan. For Americans living in the UK, they face specific challenges, especially if there is a desire to support charities in both countries.
To read the entire article, visit The Cable