If both of these conditions apply to your estate, it may be subject to U.S. estate tax upon your death:
The value of your U.S. assets exceeds US$60,000
If the value of your assets that have a U.S. location or connection is greater than US$60,000, you must file a U.S. estate tax return regardless of whether there is a tax liability.
Your worldwide estate is greater than $5,549,000
If the value of your worldwide estate is more than US$5.549 million and the value of your U.S. assets is greater than US$60,000, you may have exposure to U.S. estate tax.
Here are some ways you can reduce the taxes that your heirs would be responsible for paying. A financial planner can help you understand the strategies available to reduce the U.S. tax, and will work with your tax and legal advisors to determine what works best for your particular situation.
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