If you are a in the US on an H-1B visa and have more than $60,000 in assets here, keep reading. The United States Federal Estate Tax applies to you. The tax will apply differently to you based on whether you intend to return to your home country or already consider the US home and you plan to stay. Either way, the tax is very likely more a significant issue than you realize. Planning is appropriate. Continue reading Estate Planning for H-1B Workers: Part 2 – The US Death Tax and you.
First, let me say that the Death Tax no longer affects the vast majority of Americans. You probably do not have to worry about this. I wish you did, because that would mean you were doing pretty well in life. First world problems!