On the afternoon of November 20, 2019, Guangdong Wumei Law Firm was honored to invite Attorney Weng Li, Founder of a law firm in Rockville, Maryland, the United States, to deliver a thematic sharing on U.S. Trusts and U.S.-related Wealth Inheritance Planning for colleagues interested in wealth inheritance.
Attorney Weng Li graduated from the University of Texas at Austin. She is a practicing attorney admitted in the State of New York, the District of Columbia, and the Federal Courts of Maryland. She possesses years of extensive practical experience in U.S. family trusts, family wealth inheritance, U.S. immigration, international trade compliance and sanctions, as well as tax planning.
Attorney Weng Li introduced various types of U.S. trusts and illustrated through practical examples how different categories of persons are applicable to different trust structures. She pointed out that trusts are widely prevalent in the United States. By adopting a combination of different types of trusts, individuals can reduce heavy taxation and achieve more optimized wealth planning arrangements.
During the event, Attorney Weng Li cited two typical cases to vividly illustrate the huge tax difference in real estate transactions before and after obtaining a U.S. green card, and put forward corresponding solutions for on-site discussion. Participants actively shared their views and raised questions.
After the lecture, the audience remained eager for further exchange and consulted Attorney Weng Li on practical issues concerning U.S. trusts encountered by their friends and clients. Attorney Weng Li patiently discussed relevant issues and provided professional answers.
At the closing of the activity, Director Li Xiaofei of our firm extended sincere gratitude to Attorney Weng Li, marking the successful conclusion of the salon.