US Citizens Living and or working in Canada need to be careful when planning their Estate !

US citizens living in Canada have to be extremely careful when planning out their Estate . The treaties between the countries exist however that is just the beginning . Are you a US citizenliving and or working in Canada ? Have you filed all your annual taxes in US ? In your Family Trust do you have any US citizens ? We always suggest to clients to bring all the advisers into the same room and work in a round table to create client solutions . Recently , while working in this setting the new lawyer was advised that there were US citizens that had to be accounted in the new and revised plan as they were not in the original structure . It was also agreed upon to bring in a accountant who has extensive US tax knowledge to assist in the restructuring process .