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 leaving the United States tax system again.
Read moreSummary A person who is neither a United States citizen nor domiciled in the United States is taxed at death on United States situs property alone, but against an exemption of only $60,000 and a top rate of 40 percent. The exemption for a citizen or a domiciliary in 2026 is $15,000,000. Situs is decided asset by asset, and the
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The primary purpose of marital agreements is to settle the questions of separation of assets and alimony in case of a divorce. Such an agreement can be made prior to a marriage (premarital or prenuptial agreement) or during the marriage. Marital agreements may also provide for an alternative inheritance structure that even allows spouses to omit each other from their
Read moreSummary Asset protection is the arrangement of title, insurance, entities and trusts before any claim arises. It is lawful only while the client is solvent, before a claim is foreseeable, and with full tax reporting. Every transfer remains subject to voidable transfer law and the Bankruptcy Code. Transfers to a self-settled trust made with intent to hinder creditors can be
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