MKA Executive Planners Blog

Foreign Nationals and United States Taxes: Effective Planning is all about the Intangibles

Posted by John Yagjian on Fri, Mar, 21, 2014

Many foreign individuals choose to invest in the United States for a variety of good reasons such as to provide for family living here, to purchase a second home, or to take advantage of the relative security of the U.S. economic system.  Those non-citizens, whether they are classified as “non-resident aliens” or “resident aliens,” face a complex set of rules based on tax codes and international treaties for income and wealth transfers.

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Tags: Taxes, Estate Tax, Life Insurance, Gift Tax

Federal Estate and Gifting Strategies to Consider Before 2013

Posted by John Yagjian on Tue, Oct, 30, 2012

For 2012, the federal exemption from all three transfer taxes is $5,120,000 ($10,240,000 for married couples).  The gift and estate tax exemptions are each scheduled to revert to $1,000,000, and the generation skipping transfer tax exemption (GST) is scheduled to revert to $1,390,000 on January 1, 2013.  No one really expects a complete reversion, but it is highly unlikely that that all three types of transfer taxes will be sustained at the current, historically high, levels.  Here are a few reasons why a great deal of wealth will be transferred between January 1 and December 31, 2012, in variety of ways. 

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Tags: Estate Tax, Gift Tax, Estate Planning