Nobody likes to admit this but… one day you’ll die.
For the sake of dramatic appeal, let’s say it happens on your 95th birthday. You’re climbing Mount Everest. Needless to say, you’re one tough nonagenarian.
But then… BOOM!
An avalanche takes you out. You watch what happens next from a big fluffy cloud. Your children, grandchildren and great grandchildren mourn.
But something, you hope, might lessen the sting of loss.
You were a great investor and you’ve arranged to bequeath the proceeds from your brokerage account.
But then something crazy happens. After your heirs receive their share, the U.S. government takes about 40 percent of the kitty.
If you’re an expat with a nest egg of U.S. Blue Chip stocks or ETFs, the American government could slap your family with a tax bill when you die.
Yes, I can hear your protests. You aren’t an American. None of your descendants are American. Perhaps you’ve never set foot on U.S. soil before. Unfortunately, that might not matter.
Image by Pixabay