Recap of CABS Finance Workshop 2024

Date: January 23, 2024 @ 12:00 am – February 1, 2024
Location: Hanhai Biolabs

The “Road Map for Transnational Planning” workshop hosted by the Social Life Committee (SLC) of CABS on January 20th attracted more than 40 attendees at Hanhai Biolabs in Millbrae, CA. This in-person event discussed strategic plannings designed for successful professionals and business owners to minimize tax while maximizing their foreign assets to help achieve financials goals for their family and future generations.


The workshop kicked off with our first speaker, Mr. Frank Huang, J.D. LL.M, Corporate VP and Advanced Planning Consultant, who has over 20 years of experience in estate planning, trust administration and business succession planning. During his talk, Mr. Huang elucidated the issues and process of probate in California with and without a Will. He also introduced strategic ways to avoid probate for the benefits of time, cost, and privacy.


Our second speaker, Mr. Tony Li, Corporate VP and Advanced Planning Consultant, discussed the upcoming changes in the federal tax system and the reporting requirements of foreign estates for U.S. citizens and residents, highlighting the benefits of leveraging a team of experienced financial professionals and attorneys for designing personalized financial plans.


Finally, Ms. Winny Lin, MBA, LUTCF, Financial Planner and Investment Advisor, shared two case scenarios in which her high-income clients successfully retain legacy control over their multi-million foreign assets while minimizing tax liabilities for their heirs and beneficiaries through advanced estate and trust planning. 


Speakers received many follow-up questions from the highly engaged audience during the workshop, reflecting widespread of interest on the topics being discussed. This event marks another success on CABS’s commitment to our mission of serving the community.


(Organizer: Social Life Committee (SLC); Editor: Katherine Guan; Photographers: Li Wang, Kay Tong; Supporting Committee: Public Relation Committee (PRC))

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