EP-109 INTERNATIONAL WEALTH PLANNING with BRENT NELSON
Wealth Actually
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Are You Going to Leave the Us?
If you are going to give up your passport, because we tax you based on citizenship. There'ar a certain tax liability af there's an averaging test on tax liability and network task that you have to meet to avoid coverd ex patriot status. If this applied to you, you're what we'd like to call a covered expatriot. And that means if you ever gift or bequeath assets to a us resident, there the potential for the us Resident to have to pay an inheritance tax here That is basically an estate tax on them. It's not on you, it's on them. They have to pay this inheritance tax federally. The dance that you're trying to dance
Play episode at 26:42
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