Terence hoerman estate tax strategy for noncitizen spouses
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Transcript of Terence hoerman estate tax strategy for noncitizen spouses
E S T A T E T A X S T R A T E G Y F O R N O N C I T I Z E N S P O U S E S
T E R E N C EH O E R M A N
TERENCE HOERMAN ESTABLISHED HIS LAW FIRM IN DETROIT, MICHIGAN
WELL OVER 20 YEARS AGO. THE FIRM IS CALLED THE AMERICAN
IMMIGRATION CENTER, SO HE IS AN ATTORNEY WHO PLACES AN
EMPHASIS ON IMMIGRATION MATTERS.
T E R E N C EH O E R M A N
I f y o u h a p p e n t o b e m a r r i e d t o
s o m e o n e w h o i s a c i t i z e n o f a n o t h e r
c o u n t r y , a n d y o u h a v e b e e n a b l e t o
a c c u m u l a t e a s i g n i f i c a n t s t o r e o f
w e a l t h , y o u s h o u l d b e c o n c e r n e d
a b o u t t h e p o t e n t i a l e s t a t e t a x
i m p l i c a t i o n s .
T E R E N C E H O E R M A N
Y o u c a n t r a n s f e r u n l i m i t e d
a s s e t s t o y o u r s p o u s e f r e e o f
t h e e s t a t e t a x i f y o u a r e m a r r i e d
t o s o m e o n e w h o h o l d s A m e r i c a n
c i t i z e n s h i p b e c a u s e t h e r e i s a n
u n l i m i t e d m a r i t a l d e d u c t i o n .
H o w e v e r , t h i s d e d u c t i o n w o u l d
n o t b e a v a i l a b l e t o a s p o u s e
t h a t i s a c i t i z e n o f a n o t h e r
c o u n t r y .
T E R E N C E H O E R M A N
, T HE R E I S AN E S T AT E PLANNI NG DE VI CE T HAT CAN BE BE NE FI CI AL
CALLE D A QUALI FI E D DOME S T I C T R US T OR QDOT . I F Y OU E S T ABLI S H A
QUALI FI E D DOME S T I C T R US T , Y OU AR E CONS I DE R E D T O BE T HE
G R ANT OR OF T HE T R US T . Y OUR S POUS E WOULD BE T HE I NI T I AL
BE NE FI CI AR Y , AND Y OU WOULD NAME A S E CONDAR Y BE NE FI CI AR Y T O
AS S UME OWNE R S HI P OF AS S E T S I N T HE T R US T AFT E R T HE DE AT H OF
Y OUR S POUS E .
T E R E N C EH O E R M A N
I F Y O U R S P O U S E D I E S B E F O R E Y O U D O , H E O R S H E W O U L D B E A B L E
T O R E C E I V E T H E E A R N I N G S F R O M T H E T R U S T F R E E O F T H E E S T A T E
T A X F O R T H E R E S T O F H I S O R H E R L I F E .
T E R E N C EH O E R M A N
AFTER YOUR SURVIVING SPOUSE PASSES, THE ASSETS IN THE
TRUST WOULD BECOME THE PROPERTY OF THE SUCCESSOR
BENEFICIARY. THIS TRANSFER WOULD POTENTIALLY BE SUBJECT
TO THE ESTATE TAX. IMMIGRATION LAWYERS LIKE TERENCE
HOERMAN CAN OFTEN FACILITATE CITIZENSHIP, BUT THIS
STRATEGY CAN PROVIDE A SAFETY NET WHEN CITIZENSHIP IS NOT
AN OPTION.
T E R E N C EH O E R M A N
H T T P S : / / T E R E N C E H O E R M A N B L O G . W O R D P R E S S . C O M /
H T T P S : / / I S S U U . C O M / T E R E N C E _ H O E R M A N
H T T P S : / / W W W . Y O U T U B E . C O M / C H A N N E L
/ U C K 3 U 4 2 D N K G H W X P R F A F Q D X R A
H T T P S : / / T W I T T E R . C O M / T E R E N C E H O E R M A N 1
H T T P S : / / W W W . F A C E B O O K . C O M / P R O F I L E . P H P ? I D = 1 0 0 0 1 5 2 6 0 2 2 2 0 2 5
H T T P : / / T E R E N C E H O E R M A N . B L O G S P O T . C O M /
F O R M O R E I N F O R M A T I O N V I S I T O T H E R L I N K S :