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Hi valuebuddies, wonder if anyone is familiar with US estate tax...are non resident aliens (e.g.Singaporeans) holding US listed shares of US incorporated companies on their personal account subjected to US estate tax? As far as i'm aware, there's exemption only on the first usd 60000. Would be glad if forummers could shed more light on this...
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From what i know, the tax applies to non resident aliens as well. Which is why the correct way to own us equities are a) thru a trust non us domiciled or b) adrs listed say in singapore.
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i am also at a loss in regards to the estate taxes despite some research.
The solution is, I told my family that if that i am dying, please liquidate all my US & UK stocks first, regardless of in the black or in the red, can always buy it again another time
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For those who have a US brokerage account and are worried that the US government may gobble up their assets should something happen to them, they can create joint accounts with their spouses. If something happens to them, at least the assets still remains with the spouse. But pray hard that disaster does not hit both husband and wife.
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Trust yourself only with your money