Estate 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
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For 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
Read moreDepending on the complexity of your situation you can choose one of our three Estate Planning Packages: Simple International Estate Plan $2000 for a single person, $3000 for a married couple Best choice for whom? What is covered? What is included? Persons with no minor children. Assets in several countries. Thorough analysis of your situation, with a special emphasis on
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US persons have to declare foreign financial assets, foreign income and inheritances and trust distributions from abroad.
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Probate is the official process, supervised by the local district court, of winding down the estate of a deceased person and transferring the assets to the heirs and other beneficiaries. In most cases, ownership of the deceased’s assets does not pass automatically to the heirs upon death. One very important exception is joint ownership with right of survivorship, in which
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Diplomats in the United States are considered non-resident aliens. Many US laws do not apply to them. Some of their assets located in the United States, however, pass according to the local law. In certain cases it is advisable for married couples to hold real estate as tenants by the entirety. Thus, the surviving spouse becomes the sole owner by
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Europeans who live in the United States are often surprised when they learn that many assets in the United States do not pass through wills, or the court-supervised probate process. Probate is the formal proceeding through which the local court names a personal representative of the estate and supervises this person as he settles the estate: pays the debts of
Read moreNote: The information below pertains to the drafting or revision of estate planning documents. Step 1: Schedule a complimentary introductory call During this ten to twenty minute call or visit you will tell us about your particular situation and we will determine if we can help. Step 2: Schedule an Initial Consultation After the initial contact, we will schedule a
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