QUOTE(RayleighH @ Apr 12 2022, 10:03 PM)
According to this bogleheads write-up (Link), if you invest in non-US domiciled ETF and are neither US citizen, US green card holder nor US tax resident, then you may not be subjected to US Estate Tax for holdings over $60,000. However, there is a big caveat: your broker cannot be US based. Otherwise, you will still be limited to the $60,000 holdings where the US Estate Tax will still apply to anything over that.
So if you plan to have more than $60,000 invested, perhaps it will be better to find other brokers which are non-US based. Or, perhaps with in-depth knowledge of the intricacy of US taxation system and proper planning, there are certain steps that can be taken to repatriate your monies back to Malaysia soil while avoiding detection in the event of an unexpected death. ¯\_(ツ)_/¯
I think it also depends on where is the entity established and who is the custodian i.e. where your securities are stored.So if you plan to have more than $60,000 invested, perhaps it will be better to find other brokers which are non-US based. Or, perhaps with in-depth knowledge of the intricacy of US taxation system and proper planning, there are certain steps that can be taken to repatriate your monies back to Malaysia soil while avoiding detection in the event of an unexpected death. ¯\_(ツ)_/¯
Mine is IBKR (UK) and not IBKR (US). Plan to move to IBKR (SG) if they allow in future.
Apr 19 2022, 01:42 PM

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