Estate planning is one of the most important steps to ensuring that your financiall property and healthcare desires are honored and your loved ones are taken care of. At Auten & Willingham, P.C., we strive to help our clients navigate the complicated legal process of estate planning, including international estate planning. Our Carrollton estate planning attorneys are well-versed in international estate planning laws, including tax laws, and can answer your questions along the way. If you are ready to consider you estate plan, we encourage you to turn to our legal team.
Call today at (214) 643-8757 for a free consultation.
Determining your citizenship is key to understanding your options for estate planning. In the United States, all citizens are subject to U.S. tax laws, including income tax, gift tax, and estate tax laws. Furthermore, citizens will be subject to these tax laws even if they reside in another country.
Non-citizens may also be subject to certain tax laws if they qualify as residents of the United States. Under the legal definition, a resident is anyone who has a substantial presence in the country for specific periods of time. The Carrollton estate planning lawyers at Auten & Willingham, P.C. can analyze the factors of your case and help determine the best course of action to achieve your estate planning goals.
For tax law purposes, legal residency is determined similar to common law domicile. This is defined as the true, permanent, and fixed home of an individual. With a thorough understanding of international estate planning laws, our attorneys can provide experienced legal advice for your case.
An estate includes all the property you own at the time of your death, including stocks and securities, real estate, life insurance policies, bank accounts, and personal property. Regardless of the complexity or size of your estate, an estate plan can provide many benefits. It can help minimize the amount of taxes required for your property to pass to your loved ones after your death and can help avoid the costs and time of the probate process. Whether you are interested in setting up a will, trust, or other item, our legal team can guide you through the process.
Call Auten & Willingham, P.C. at (214) 643-8757 today to learn more about our international estate planning services. We are centrally located to Carrollton, Plano, Richardson, Dallas, Farmers Branch, and Carrollton and proudly serve Dallas, Denton, and Collin Counties.