TromboneAl
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jun 30, 2006
- Messages
- 12,880
A friend keeps hearing how smart you guys are, so he asked me to post this:
His wife is a Danish citizen, and wants to remain so, because it will give the kids the option of choosing Danish citizenship (or being dual?). She herself cannot have dual citizenship (my DW does, since Sweden allows it).
He's concerned about the inheritance ramifications. Apparently there's lots of taxation on the inheritance if he were to die first. According to him, the million dollar house could be taxed at 55%, payable even before it is sold.
He's considering a living trust to get around this.
Anyone have any thoughts on this situation?
Thanks,
His wife is a Danish citizen, and wants to remain so, because it will give the kids the option of choosing Danish citizenship (or being dual?). She herself cannot have dual citizenship (my DW does, since Sweden allows it).
He's concerned about the inheritance ramifications. Apparently there's lots of taxation on the inheritance if he were to die first. According to him, the million dollar house could be taxed at 55%, payable even before it is sold.
He's considering a living trust to get around this.
Anyone have any thoughts on this situation?
Thanks,