Federal Estate and Gift Taxes

The Federal Estate Tax in the United States is a tax on the transfer of property of a deceased person. This tax applies to property that is transferred via a will, trust, or intestacy. For US citizens and permanent residents, the value of all world-wide assets is included. For Non-US residents, only certain assets located in the United States are subject to this estate tax. The other part of the system, Federal Gift Taxes, applies to transfers made when a person is still alive.

In 2023, the exemption amount for Federal Estate taxes is $12,920,000.00 for US citizens and permanent residents. For non-US residents the exemption for Federal Estate taxes remains at $60,000. In addition, all non-US residents, US citizens and permanent residents enjoy a $17,000 annual gift tax exclusion in 2023.

Let us help you save Federal Estate and Gift Taxes! We have the experience after years of planning with domestic, DUAL CITIZEN, AND NON-RESIDENTS OF THE UNITED STATES.

We will help guide you on every step of the planning process according to your personal situation.