No. of Recommendations: 1
I recently read:

"Foreign individuals (called nonresident alien individuals by the IRS) are subject to U.S. estate taxes on their U.S. assets (stocks, bonds, real estate) when they die, just like the American taxpayer, at the same high tax rates. But, under U.S. tax law, foreign, nonresident alien individuals that hold their U.S. assets in an offshore holding company (instead of in their own name) can legally avoid all U.S. estate taxes when they die. And since foreign individuals only get a $60,000 exemption from u.s. estate taxes on their U.S. holdings, a wealthy foreigner could lose more than half his wealth to the IRS when he dies, unless he plans carefully."

Comments, anyone....if the above is true, then it seems a little dumb (or is that Wise) to avoid capital gains only to return half your wealth when (if) you die....
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.