Bay Area Estate Tax Attorney's Tips for Noncitizens and Nonresidents


To many, Bay Area real estate seems like a bargain right now. Prices are still some of the lowest in years, and foreign nationals, among others, are paying cash -- sometimes millions of dollars in cash -- for property in San Francisco area communities.

As I explain in a new guide, U.S. Gift Tax and Estate Tax Planning for Non-Residents and Non-Citizens, such investments are at risk if the buyer is a non-citizen or non-resident without a sound strategy to minimize gift taxes and/or estate taxes. The guide outlines key elements in an international estate plan, including:

• What is considered “home” for the purpose of estate planning?

• How the tax law treats citizens, non-citizens, and non-residents differently

• Treatment of minor children, including issues surrounding the choice and citizenship of a guardian

• One useful estate planning tool, the Qualified Domestic Trust

U.S. gift tax and estate tax laws are tough on non-citizens

Please see full article below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Janet Brewer, Law Offices of Janet L. Brewer | Attorney Advertising

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