Non-US domiciliaries have a personal federal estate tax exemption of only USD 60’000. Subject to taxation are all assets located in the United States. This exemption amount may be increased based on bilateral tax treaties between the United States and a few select countries. Often overlooked is the fact that bank accounts not connected to a trade or business are
Read moreWe advise on structuring overseas assets from a US tax point of view.
Read moreEstate planning for non-US citizens depends on the whether the person in question is a US domiciliary or not, regardless of the visa status. US domiciliaries’ estate has the same US estate tax exemption amount as US citizens (currently $11.2 million). Non-US domiciliaries’ estate, on the other hand, only has a US estate tax exemption amount of $60.000. A US
Read moreFor families with assets in several countries or non-US citizenships, comprehensive estate planning is essential to ensure that the planned transfer of all assets works well under the laws of the affected countries and the various components of the estate plan do not counteract each other. Regarding the laws of other countries, we partner with competent advisers in these other
Read moreMany categories of people are exposed to an increased level of risk of litigation: physicians, entrepreneurs, high net-worth individuals. Furthermore, many elderly people suffer from cognitive decline or disability. Exploitation and elder fraud may be prevented through proper planning. Protecting assets can be achieved in many legal ways. Here are the simplest methods of asset protection: The simplest way of
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