Our goal is to minimize the amount of taxes that will need to be paid in order for your property to pass to others after death. Every dollar your estate has to pay in estate or inheritance taxes is a dollar that your beneficiaries won’t get. A good estate plan can give the maximum allowed by law to your beneficiaries and the minimum to the government.
We help to avoid double taxation of a transferred estate through careful international estate planning and advise you on the Convention between the Federal Republic of Germany and the United States of America for the Avoidance of Double Taxation with respect to taxes on estates, inheritances, and gifts.
Should you plan to give up your US citizenship you need to think about the exit tax. The expatriation tax provisions under Internal Revenue Code apply to U.S. citizens who have renounced their citizenship and long-term residents who have ended their U.S. resident status for federal tax purposes.