Non-Citizen Spouses
If you or your spouse are not a U.S. citizen, even if you are legal resident of the U.S., the estate tax rules are dramatically different.
A simple A/B or marital trust will not protect your estate. Taxes will still be due when the first person dies, despite the trust. Furthermore, naming a non-citizen spouse as the beneficiary on a retirement plan will result in unintended income taxes. Up to 75% of your estate may be lost upon your death. Even simple estates may incur close to $100,000 in estate taxes and an additional $100,000 in income tax.
If you want to make sure the most money passes to your spouse and family upon your death, I can provide you with estate planning services to avoid these potential tax burdens and protect your estate from excessive estate and income taxes upon your death.
