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Estate Planning Services

Estate planning is an important part of financial planning and should be taken seriously. We understand the importance of estate planning and offer a wide range of estate planning services to help you make sound financial decisions. It involves creating a plan for how your assets will be distributed after your death. This is particularly important for Indian American nationals or offshore expats who have US situs assets, as they must navigate both federal estate laws and state inheritance taxes.


In the United States, federal estate laws govern how a person’s assets are distributed after their death. The federal estate tax applies to estates that exceed a certain threshold, which was set at $11.7 million in 2021. If an estate exceeds this threshold, the estate will owe federal estate tax at a rate of up to 40%. However, the threshold is subject to change, and it is important to consult with a financial professional to ensure your estate plan is up to date.


In addition to federal estate tax, many states also impose their own inheritance tax on the transfer of assets after death. The laws governing state inheritance taxes vary by state, and the tax rate can be as high as 20%. Some states have exemptions or deductions for certain assets, such as a family home or farm, but it is important to be aware of the laws in your state to avoid surprises.


For US nationals residing in India, the laws governing estate planning can be even more complicated. India has its own inheritance laws, which are governed by personal laws that vary based on religion. These laws determine how a person’s assets will be distributed after their death. However, if the deceased was a US citizen, their estate may also be subject to US estate tax and state inheritance tax.


We provide comprehensive estate planning services that include:


Our CPAs will analyze your current financial situation and help you understand the various tax implications that can arise when you pass away. We can also help you develop strategies to minimize estate taxes and maximize your family’s inheritance.


Our CPAs will work with you to develop strategies to protect your assets from creditors, lawsuits, and tax liabilities. We can also help you create a trust or other legal entity to protect your assets.


Our CPAs can help you create a plan to ensure that your business successfully transitions to the next generation. We will review the various options available and help you make the best choice for your business.


Our CPAs can assist you with the various tax implications of charitable giving, help you choose the most suitable charities for your goals, and ensure that your charitable contributions are used wisely and efficiently.

Our services include a range of financial planning, investment management, and tax advisory services tailored to meet the unique needs of Indian Americans.

Whether you are looking to invest in real estate, stocks, bonds, or other types of assets, we can help you develop a customized investment strategy that aligns with your goals and risk tolerance.

In addition to our financial services, we also provide guidance on legal and regulatory issues that may arise when managing wealth across international borders. We can help you navigate complex tax laws, estate planning, and other legal issues, ensuring that your assets are protected and preserved for future generations.

In conclusion, estate planning is a complex area of financial planning that requires careful consideration of both federal estate laws and state inheritance taxes. For US nationals residing in India or the United States, it is important to work with a financial professional who is knowledgeable in both sets of laws to create an estate plan that is tailored to their specific needs and circumstances. By doing so, they can ensure that their assets are distributed in accordance with their wishes and minimize the amount of taxes owed.

We help you in estate planning, along with providing a range of other services to take full accountability as your virtual CFO.


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