Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Financial Planning > Trusts and Estates

10 Things to Know About Estate Planning for Cross-Border Couples

Allison Bell By Allison Bell

X
Your article was successfully shared with the contacts you provided.

The new Death Tax Repeal Act bills include a gift for clients in cross-border marriages: a repeal of the estate tax on the assets stored in a couple’s qualified domestic trust.

These trusts, also known as QDOTs, are a crucial estate planning vehicle for noncitizen spouses, who do not enjoy the same generous estate tax exemption given to U.S. citizens.

The bills, H.R. 7035 and S. 1108, which would repeal the estate and generation-skipping transfer taxes, have little hope of becoming law, but the qualified domestic trust provisions are a reminder of how complicated the rules governing estate planning for cross-border couples can be.

In this gallery are 10 things to know about estate planning for U.S. citizen clients married to noncitizens.

Allison Bell

Think_Allison

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.