US Wills, Trusts & Probate : Inheritance Taxes

How do U.S. inheritance taxes affect you?

As a U.K. citizen resident here and owning property in the U.S., will you be liable for U.S. inheritance taxes?

You need to understand the critical differences between U.K. and U.S. tax law that impact any U.S. estate, joint property and married couples. For example, on the death of a spouse, both in U.K. and the U.S. the marital spouse exemption enables property to pass to the surviving spouse without inheritance tax. This concession does not apply in the U.S. where the surviving spouse is not a U.S. citizen and inheritance tax will have to be paid.

Bennetts can ensure that you avoid paying U.S. inheritance tax in this circumstance and in addition can help you to reduce your exposure to U.S. inheritance taxes so you can best meet the needs of your family.

To learn more about these issues, please see “What UK Residents Should Know about U.S. Inheritance Taxes”