There are a number of common misconceptions regarding international estate planning and international tax law – and each year these misconceptions lead to families finding themselves facing tax problems, financial losses, guardianship issues, and other serious problems. Many of these issues can be avoided altogether with forward-thinking international estate planning.
Who should consider finding an attorney who has experience with international estate planning? It is not, as many people think, only those who have dual citizenship or those who are married to a non-citizen. It is for anyone who might have interests, assets, or loved ones living abroad, or for anyone who is living abroad in the United States. You may benefit from the services of an international estate planner if:
- You are a United States citizen who owns significant assets and property abroad.
- You are a United States citizen married to a non-citizen of the United States.
- You are a non-citizen of the United States married to a citizen or with significant assets and property in the U.S.
- You are a U.S. visa holder in the process of securing a green card.
- You are a United States citizen living abroad permanently or who spends significant time at an overseas residence.
- You are a United States resident who wishes to name an international guardian for your children.
- You are unsure in which country your “domicile” is legally located.
- You are concerned that your international property may be subject to double taxation.
- You are concerned that your overseas assets or property may be subject to forced heirship laws or mandatory inheritance laws.
- You are not sure how a United States estate tax treaty will affect your international estate plan.
- You believe you need assistance with setting up a qualified domestic trust (QDOT).
Remember: even if you are not sure whether you need an estate planner with international experience, speaking with one of our attorneys can help you confirm the answer and make certain your estate is in proper order.
Do you have a question about international estate taxes, estate tax law for non-citizens, or international guardianship law? Would you like to make certain that your wealth is distributed properly and quickly in the event of your death? Would you like to ensure that your children are cared for by the correct legal guardian if something happens to you? At the Law Office of Janet Brewer, we can help you with all of these needs. To get your questions answered, to speak to a California estate planner, or to schedule an appointment, please call (650) 325-8276.