Professional Translation Services, International Estate Planning and Tax Considerations
We've blogged about the importance of professional legal translation services for international estate planning. When one owns property in a foreign country and they are a resident non-citizen, this will have an impact on both their US and foreign estate taxes. Under US law, three factors effect estate tax: citizenship, residency and the location of the property. All US citizens are subject to taxation on all property located anywhere in the world. Needless to say, this opens the door to the risk of double taxation, as the property located in the foreign country may also be subject to taxation by that country's laws. More so, estate taxes often fall outside double taxation treaties.



