Thanks! Last question: is the 5 million exemption affected by the recent plans in the US to increase the estate tax? I thought the exemption had been reduced in 2013 to 1 million $.
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Search found 3 matches
- Tue Mar 12, 2013 9:39 pm
- Forum: Canada / United States Tax & Accounting
- Topic: estate tax issues
- Replies: 8
- Views: 6168
- Sun Mar 10, 2013 9:07 pm
- Forum: Canada / United States Tax & Accounting
- Topic: estate tax issues
- Replies: 8
- Views: 6168
estate tax issues
My mother is deceased, and elderly father has investment assets in the US and Canada. He (and myself) are both dual US-Canadian citizens living in Canada for many years, and I have been named executor of his will. My questions are as follows: 1. Upon his death, are assets on both sides of the border...
- Sun Jan 23, 2011 1:45 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Setting up a trust for grandchildren
- Replies: 4
- Views: 3864
Setting up a trust for grandchildren
I am an dual US-Canadian citizen living in Canada. I have assets in the US which I would like to go to my grandchildren when I die. What is the best method for reducing US and Canadian estate taxes on these assets after I die, and at the same time ensure that my grandchildren receive the money when ...