The Livesay Group PLLC

If you’re a nonresident alien (that is, you’re neither a U.S. citizen nor a U.S. resident) but you live part of the year in the U.S. and own property here, there’s good news and bad news in regard to estate tax law. The good news is that you’re subject to U.S. gift and estate taxes only on property that’s “situated” in the U.S. Also, you can take advantage of the $19,000 gift tax annual exclusion. The bad news is that your estate tax exemption drops from $13.99 million to a minuscule $60,000. So substantial U.S. property holdings can result in a big estate tax bill. Contact us at (859) 296-1913 for more information.

Staying on top of your tax, retirement and estate planning is essential to protecting your financial future. We can help you keep these pieces aligned by ensuring your tax strategy is efficient, your retirement planning stays on track, and your estate plan reflects your goals and current laws. With proactive oversight, you can avoid costly surprises and maintain long-term financial confidence. Contact us at (859) 296-1913 for personalized guidance.