Category: International Estate Planning

Issues with jointly held assets

A “U.S. person” (citizen or green card holder) is subject to estate and gift taxes on their worldwide assets – i.e. regardless of whether the...

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Where are you “domiciled” and how does this affect your Estate?

The concept of “domicile” is critical in determining U.S. estate tax liability as property located outside of the U.S. and owned by a non-resident, non-US...

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What is the generation-skipping transfer tax (GSTT)?

Generation-skipping transfer tax (GSTT) is imposed by the Internal Revenue Code (sections 2601 to 2664) at the Federal level as an estate tax anti-avoidance measure...

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Which U.S. States impose Estate and Inheritance Taxes?

Some U.S. States impose their own estate and inheritance taxes. It is important to note that these taxes apply in addition to any Federal estate...

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U.S. tax implications with Australian inter vivos and testamentary trusts

It is common for Australian estate planning purposes, to plan for the succession of control of an inter vivos trust either by Will or by...

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U.S. Citizens with non-U.S. citizen spouses

It is not uncommon for a U.S. citizen to have a non-U.S. citizen spouse. However, U.S. tax law treats non-U.S. citizen spouses (even if they...

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Should you have an “International Will”?

If you have assets in two or more jurisdictions, an “International Will” could make your estate planning simpler as it would extend to the assets...

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Incapacity – who would manage your interests in two (or more) countries?

If you are mentally incapacitated and unable to make decisions for yourself, or if you are unable to attend to decision making and document signing...

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Are you tax compliant, and if not, what does this mean for your Estate?

Did you know? Obtaining probate (i.e. the process of having a decedent’s Will recognized by the courts and the appointment of the executor or personal...

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The U.S.-Australia Estate Tax Treaty explained

Australia no longer imposes any estate or inheritance taxes (death duties having been abolished in 1979). The U.S. imposes Federal gift and estate taxes on...

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