No. of Recommendations: 2
You are saying that if I, a US citizen, chose to reside in another country, our US assets will be taxed from dollar one if I die?
No, this is not correct.
US Citizens, residing in the USA or residing outside the USA, receive a $14.58M exemption before estate tax kicks in. ALL assets, held anywhere in the world, in any form, are included.
Non-US Citizens, residing in the USA or residing outside the USA, receive a $60k exemption before estate tax kicks in. ONLY US assets are included. Some countries have tax treaties to alleviate double taxation, but not all.
