Category: Estate Settlements
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What Is Probate? An Introduction for Foreign Nationals
How probate works in Washington DC, Maryland, Virginia and California: the court process step by step, what it costs, the assets that pass outside probate, and what changes when the decedent or the heirs live abroad.
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The Tax Consequences of Becoming a U.S. Citizen: Estate, Gift and Income Tax
Naturalization does not raise the estate tax exemption of a green card holder who already lives in the United States. It changes the treatment of transfers from a spouse, the reach of the estate and gift tax treaties, the taxation of income after a move abroad, the status of minor children and the cost of…
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Estate Settlements in Virginia
A Practical Overview of the Probate Process Administering an estate in Virginia involves numerous legal, financial, and procedural responsibilities. Personal representatives must comply with statutory deadlines, coordinate with financial institutions and tax authorities, manage estate assets, and ultimately distribute the estate in accordance with the decedent’s estate plan and Virginia law. For individuals serving as…
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Non-US Beneficiaries
Summary A beneficiary who is not a United States person pays no United States estate tax. The estate pays it. What the beneficiary meets instead is withholding on what is distributed, and a fiduciary who is personally liable if it is not withheld. A distribution is not a single item taxed at a single rate.…
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Non-US Decedents
Summary This page concerns the settlement of an estate after the death of a person who was neither a United States citizen nor domiciled in the United States, and who left assets in the United States. The planning side of the same subject is covered on asset and tax planning for non-US residents with US…
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US Decedents with non-US Assets
Summary This page concerns the settlement of the estate of a United States citizen, or of a non-citizen domiciled in the United States, who left assets abroad. The planning side is covered on estate planning with non-US assets; the reverse case is covered on non-US decedents. The United States taxes the worldwide estate. Foreign assets…
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Estate Settlements
We advise fiduciaries on settling estates in Virginia, Maryland and the District of Columbia. We advise US-based legatees who inherit property in Germany, Austria, Switzerland and France. If there is no available relative, we may also act as personal representatives of estates in the United States.