Tag Archives: Asset Protection

The Tax Consequences of Becoming a U.S. Citizen: Estate, Gift and Income Tax

Naturalization and US citizenship application documents

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.

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Asset and Tax Planning for non-US Residents with US Assets

Summary 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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Asset Protection

Summary 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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