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Hi,

I am separating from my partner of 20 years. I understand that I have no legal obligation to provide for my partner since my state does not recognize common law marriage, but I would like to...

Due to the circumstance I am unable to elaborate. I realize this hampers discussion but I am very appreciative for all of the responses.

Scott,
I define beneficial ownership, to be the time at...

Lisa,

I hope I do not come across as argumentative. I do appreciate all the comments and discussion.

Once the purchase agreement is signed, the vendor is no longer the beneficial owner but...

Thanks for your quick reply. I would have thought the other way, so at time of execution the beneficial owner becomes the purchaser. Although title does not pass till closing, title is held by the...

If one is purchasing a property from a developer which is still under construction. One signs a contract and make an initial and future progress payments. At what time does the legal interest in...

That sounds great. So I can bid on the property, put a temp storage unit and fence and if there are no claims in 12 months the tax deed converts to full and clear title.

So there is not need to...

Scott,

Thanks for your speedy response. I did not include my local in the body I did mention it in the title. I should have made it more clear, sorry.

Would a temporary storage unit and a...

There is a small piece of abandoned land that I am interested in acquiring. A notice was just posted stating that the back taxes have been bought by xxxx and the sheriff will auction the property. ...

Thank you, I will file the FABAR.

AtlTax,

Thanks for your reply. The Estate has taken advise in the countries where my father had assets and probate has been obtained. As the Estate has no US obligations its more a personal...

My father recently passed away. I am one of 3 executors listed in his Will. I am a US resident (green card holder) my father was non resident or citizen.

If the Executors open an Estate...

I recently stated a new job and I am being paid from the companies offshore (UK based) USD account to my USD account here in the states. I am incurring about 0.65% in fees including fee from the...

If you have a work permit you can work there, but its country specific. Passports are not given out so easily.

George,

The Will only makes known the executors and does not give instructions bar provisions for the beneficiaries. I thought the practice of multiple executors was common place and therefore...

George,

Let me fill in a few of the blanks. The Will make provisions for my mother, any asset outside of those provisions are to be liquefied and given to my late fathers trust. The family...

Dear all,

I am one of four executors (three are family members and a lawyer) of my late fathers estate. Recently one executor (the lawyer) has been very hard to reach and decisions re the estate...

Lawanwadee,

Thanks for your quick reply. I noticed that you mentioned that Mum should have both forms (I-539 and I-797) with her on re-entry. Unfortunately she only received the email today...

Earlier this year my father (non-res alien B1B2 visa) became ill and passed while at his home on FL. My mother (non-res alien B1B2 visa) was forced to stay past her 180days and filled an extension...

Is there a good tactic to use to minimize the estate tax burden on real property, would it help if the property was owned by a trust that is offshore?

Thanks guys, it sounds like the best idea is just to keep the property in my name and let Mum uses as she wishes.

Can I ask a slightly different question but along the same lines. My Mum has...

I have a condo that I am thinking of gifting to my mother. I am a green card holder, my mother is a non-resident. What would happen if/when my mother chooses to sell the condo?

Would she pay...

I know this is kind of a strange place to be asking for advice but I am a little lost as to where to go... I just inherited, what I think is, a large sum of money (no assets just currency).
...

Intltax,

Thank you very much. Its very reassuring to have a resource like this with people like you to help, thanks.

IntlTax,

Thank you. To further the US held property issue. The home is only for her private use and she has no other income of any kind within the US. The $60k limit on estate tax for non-res...

Intltax,

May I also ask you a few question on this topic?

1. Does the frequency of the gift matter? Lets say a standing order for $10k the 1st of every month is set up, could the IRS then see...