Recently converted your engagement to a marriage? Make sure you consider revisiting your estate plan before or after the wedding. If you already had an estate plan prior to getting married, it most likely does not account for your spouse. After the celebrations end, it is wise to sit down …
Read MoreEstate Planning for Non-Resident Aliens and Non-Citizen Spouses
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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