Estate Planning Services
Estate planning is an important part of financial planning and should be taken seriously. It involves creating a plan for how your assets will be distributed after your death.
We understand the importance of estate planning and offer a wide range of estate planning services to help you make sound financial decisions.
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. 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. 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
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.
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.
Estate planning services
We provide comprehensive estate planning services that include:
- Estate Tax Planning: We can help you develop strategies to minimize estate taxes and maximize your family’s inheritance.
- Asset Protection Planning: We can help you create a trust or other legal entity to protect your assets.
- Business Succession Planning: We will review the various options available and help you make the best choice for your business.
- Charitable Giving Planning
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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.
We help you in estate planning, along with providing a range of other services to take full accountability as your virtual CFO.
Schedule a call
Let us discuss your requirements on a no-obligation discovery call, anytime as per your convenience.