By: Jason Palmisano If you are not a US resident or a US citizen and are considering buying assets in the US, there are ways to avoid or minimize US estate tax on those assets. Here are some things to consider:
For tips on how to avoid or minimize US estate tax, click on the video below: Jason Palmisano offers advice about estate planning for non-U.S. citizens If you have any questions about US estate tax, please contact Jason Palmisano, Julie Frey or any member of the Estate Planning Group. |
Don’t Forget About Tangible Personal Property in Estate Plan
By Jason Palmisano
The disposition of a decedent’s tangible personal property has the potential to cause more animosity among the beneficiaries of an estate than the disposition of any other type of asset. Sibling rivalry, unresolved conflict, children from different marriages, step-parents, and in-laws can be a recipe for disaster when two (or more) beneficiaries want the same item of tangible personal property. Hurt feelings are compounded because of emotional attachments to a particular item and the grieving of a loved one’s death. The following are some practical steps to help minimize the risk of family disputes over tangible personal property: