Searching for Missing Heirs (Part 1)
There have been a number of stories in the media about an epidemic of loneliness among the elderly. This is in part because families are smaller and more spread out. From an estate administration perspective, this means that many of these same people are dying alone and without apparent or at
Considerations When Leaving Estates to Non-U.S. Citizen Beneficiaries – Part 3
In my last 2 weeks’ blog posts I have been discussing the issues related to leaving your assets to beneficiaries who are not U.S. citizens. This week I want to cover a couple of recent scenarios in our office. One involved a decedent who was a U.S. citizen, died without a will
Considerations When Leaving Estates to Non-U.S. Citizen Beneficiaries – Part 2
In my post last week, I answered the question whether leaving assets to a non-U.S. citizen triggers any additional tax when compared to a U.S. beneficiary. With the exception of a spouse, it generally makes no difference from an estate or inheritance tax standpoint. There are, however, other practical considerations to take
Considerations When Leaving an Estate to Non-U.S. Beneficiaries – Part 1
In some respects, naming a non-U.S. citizen as a beneficiary of your estate is no different than naming a U.S. citizen (with the exception of a spouse). For example, while the amount that can be passed free of federal estate tax (there currently is no New Jersey estate tax) is currently