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This might more appropriately belong on the Estate Planning board, but there hasn't been any activity there for a month, so here goes:

My wife and I are in our early 50s, in good health, no kids. Our net worth is above $2M and will surpass $3M if the NAS ever does even a partial recovery. I am a U.S. citizen and she is a Canadian citizen with a Green Card (entered U.S. in '74 with no assets). If I kick the bucket, she will be subject to some inheritance tax because she is a non-citizen and doesn't qualify for the spousal deduction (or whatever you call it) that allows a spouse to receive all the goodies tax free.

I know I'm going to have to have an attorney set something up to minimize taxes she might have to pay. I have interviewed several attorneys by phone. Two of them want to sell me estate planning services of sufficient scope as to cover the entire Kennedy family's needs, and a third talked about a simple trust to shelter the money.

Does anybody here have any experience with this?


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