Estate planning – Noncitizen spouses need special tax tools
Abstract: Although U.S. citizens must pay federal gift and estate taxes on their assets, they enjoy important exemptions, exclusions and deductions — particularly if they’re passing assets to a spouse. However, different rules apply to noncitizen spouses. This article explores estate planning strategies for noncitizen residents and resident aliens. A sidebar proposes tax-efficient alternatives to the unlimited marital deduction.