Chapter 6 Cross Border Estate Planning.mov

Nonresident aliens often have family in the United States. Chapter Six of Brian Dooley, CPA's book, International Taxation in America, exposes little known American estate tax laws that are traps to the multinational family. Irrevocable offshore discretionary trusts are great for the nonresident but terrible for their children or grandchildren living in America.
Chapter Six advises nonresidents to avoid investment in the American stock markets since their death tax rate is 55% of investment. Chapter Six explains why a foreign corporation does not avoid estate tax; and why an Irrevocable Nevada Trust does.
Chapter Six is easy to read and is a must for the multinational family.
Attorneys and CPA's will be fascinated by the section 2036 and 2038 estate planning IRS private letter rulings.

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Education

Tags:

• foreign corporation
• 'nonresident
• alien
• discretionary trust
• section 2036
• section 2038
• Brian Dooley
• cpa
• private letter ruling
• 'estate
• planning
• foreign trust
• offshore trust