Every year, the United States grants lawful permanent residence to about one million foreign-born people. Like American citizens, alien residents, aka green card holders, may live and work permanently anywhere in the U.S. They may attend public schools and universities, join at least some branches of the Armed Forces, and after a while they usually become eligible for citizenship. In terms of estate planning, however, things aren’t quite perfect. While […]
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Posts Tagged ‘federal estate tax’
Sam is young and in love. He marries and has children, but eventually the marriage fails. He ends up in a second marriage with Trina, who already has two children of her own. After Sam’s death, the children from his first marriage learn that their father’s estate will pass to their stepmother and then to her children. What went wrong? The short answer is that Sam failed to protect the […]
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