How are US and global regulations shaping private wealth planning today, and in what ways do their drivers align or differ?

The second episode of Jersey Finance’s US Private Wealth Network podcast series explores developments in the United States and global tax and regulatory change, and what these mean for cross-border planning.

Hosted by Philip Pirecki, the US Lead for Jersey Finance, the episode features insights from Steve Sokić, Chairman of Crestbridge Family Office Services, and Darrell King, Managing Director, Americas of Crestbridge Fiduciary.

Together, they examine the evolution of US trust taxation at both federal and state levels, the rise of US ‘mid-shore’ trust jurisdictions, and the increasing importance of accurate trust classification and reporting, including in particular for trusts in offshore jurisdictions like Jersey. The discussion also explores how offshore jurisdictions have adapted to heightened regulatory scrutiny over the past two decades.

This episode reflects on the global shift towards transparency, compliance and substance, driven by measures such as FATCA, the CRS and enhanced information exchange. The discussion also outlines why while tax considerations remain relevant, that modern trust planning for US-connected and internationally mobile families is increasingly prioritising effectiveness, certainty and long-term stewardship.

Listen to Episode Two – US Tax and Regulatory Landscape

Missed Episode One?
The Forces Shaping US Private Wealth, which explores global wealth trends, the interaction between US and offshore trust structures, and Jersey’s role as a trusted jurisdiction for international planning, is available here to listen.