Estate Tax for Mexican Nationals Buying U.S. Homes

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Article is brief summation of problem that many new Mexican homebuyers have but little or few understand: the estate tax exemption is $5 Million for citizens, but only $60,000 for non-resident aliens.

Consequently, many foreign nationals unwittingly buy a second home in the U.S. without taking steps to avoid or minimize the 35% tax payable from their estate at death.

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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.

© Michael Jensen | Attorney Advertising

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