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Estate Planning vs. Probate | Why You Should Engage in Estate Planning

In Estate Planning, How Do You Choose an Executor of a Will?, Probate by casalmoreno

A recent article on wealthmanagement.com discussed how most Americans’ inheritances go through probate due to lack of preparation through an estate plan. From the article: “Surveys confirm that avoiding probate is the primary reason that clients engage in estate planning today.  Yet, the estates of the majority of Americans will …

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Estate Planning for Non-Resident Aliens and Non-Citizen Spouses

In Estate Planning, How Do You Choose an Executor of a Will? by casalmoreno

Estate Planning for Non-Resident Aliens and Non-Citizen Spouses Non-Resident Aliens are not treated as advantageously as US citizens under the estate and gift tax rules by the IRS.  For a nonresident non-citizen (“nonresident alien” or “NRA”) the applicable estate tax exemption is limited to $60,000, in comparison to $5,340,000 for …

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