Expatriate Gifts or Bequests

Expatriate Gifts or Bequests

by Richard C. Wilson & Family Offices Group Association Team

Family Office Definition: Expatriate Gifts or Bequests

Expatriate Gifts or Bequests definition:  The recipient may be taxed on gifts or bequests received from expatriates (U.S. citizens that reside abroad).  Multi-national families should take consideration of the IRS’s special taxation on foreign income.

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