Giving up a U.S. passport carries a hefty new price tag. A new law subjects certain individuals who expatriate or give up their green cards to immediate tax on the inherent gain on all of their worldwide assets and a tax on future gifts or bequests made to U.S. citizens or residents. Trustees of non-grantor trusts with beneficiaries who expatriate are required to withhold tax from certain distributions and pay the tax over to the Internal Revenue Service. These onerous and far-reaching
All access premium subscription
Please Log in if you are currently a Trusts & Estates subscriber.
If you are interested in becoming a subscriber with unlimited article access, please select Subscription Options below.
Questions about your account or how to access content?
Contact: [email protected]
