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....
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