Estate and Gift Tax
Estate and Gift Tax
The estate tax is a tax imposed on the value of your estate when you pass away. There could also be a transfer tax (i.e., Gift Tax) when you transfer your assets during your lifetime. With the right structure in place, we can help you minimize your U.S. estate tax liability and ensure you can transfer your most valuable assets to your loved ones in a tax efficient manner. Below are some of the services with offer to help our clients achieve these goals.
- Estate and Gift Tax Planning (US and Non-US Citizens)
- Estate Tax Compliance for NRAs
- Retirement and Business Succession Planning
- Trust Accounting
Protecting your Wealth
We can work with your attorney implementing high-level strategies to protect your most valuable assets from the Estate Tax.
The Estate Tax is a tax on your right to transfer property at your death. It could also apply to transfers (i.e. Gifts) made during a person’s lifetime. Our firm works with U.S. and Foreign Counsel to implement high-level strategies designed to protect your assets from U.S. Estate and Gift Taxes.
For tax year 2021, the estate tax exemption for a U.S. Citizen and Domiciliary is roughly 11.7 million and includes the value of the worldwide assets. A Non-Domiciliary, however, is only entitled to a $60,000 estate tax exemption but only include the value of the U.S. situs assets. Once the value of your Gross Estate exceeds the allowed deductions and exemption, it could be subject to an estate tax of up-to a maximum of 40% under the current law.
Our firm focuses on tax compliance for Estate and Gift Taxes for U.S. Citizens, U.S. Domiciliaries and Non-U.S. Domiciliaries.
- Trust Accounting
- Estate Tax Compliance
- Business Succession Planning
Let us work with your Attorney to implement a structure that minimizes the U.S. Estate and Gift Tax Liability.
Book Appointment
Please get in touch with us for a complementary Estate and Gift Tax consultation