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American citizens especially older ones might keep this backdrop in mind as they behold and comment on the current administration's and Congress's ...
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dubrovnik, Croatia -- As shares of American International Group Inc. continued to ascend Thursday, newly minted ...
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"Post- American LA," a nine-artist exhibition at the 18th Street Arts Center in Santa Monica, is definitely not baseball, hot dogs and apple pie. ...
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According to a deal Washington has struck with Swiss authorities, the names of some 4450 American tax-dodgers with secret accounts in UBS, the Swiss banking ...
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"That is partly the reason why I've recently become an American citizen," Neeson said. "I'm still a proud Irishman, of course," he added, "but I've become ...
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Details are emerging about how terrorists in Somalia have lured young American men including as many as 20 from Minnesota back to their homeland to join ...
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The 24-year-old American finished strongly to defeat Olympic runner-up Shericka Williams of Jamaica by 32/100ths of a second. Russia's Antonina Krivoshapka ...
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By AP An American man has been extradited to Germany to face charges that he raped and murdered a 19-year-old woman near the United States military base ...
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Than Shwe, and emerged with a promise to free a detained American , officials said, at a time when the United States has said it is reassessing its hard line ...
Burma Releases Detained American Washington Post
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How does american wills work for foreign citizens?
Q. Theoretical situation: Jack (age 53, single, no children, have parents) lives in USA and his best friend Paul has recently moved to- and become a citizen of Spain. If Jack were to write a will stating that any and all assets would go to Paul, what would happen? 1) Would the will be rendered invalid because Paul is not an american citizen? 2) Would his parents get his assets because they're his family? 3) Would there be any tax? 4) If Paul may inherit; how long will it take, from Jack's death to when Paul recieves the assets? Thank you
Asked by Yusuke - Fri Mar 23 10:10:39 2007 - - 2 Answers - 0 Comments
A. 1. Citizenship has no bearing on the benefactor 2. Jack may leave his assets to whomever he wishes. His parents may contest the will, but if it is a valid will, then they can not claim any ownership based purely on their relationship. 3. Depends upon the size of the estate, and which state he resided. All taxes are paid from the estate prior to settlement 4. Again, depends upon a number of factors. If the will is contested, it could take years. (Remember, Anna Nicole Smith and her former husbands son are both dead, and that will is still in court) Also depends upon the speed of the executor, and the complexity of the estate. Could take as little as 6 weeks, could take 6 months or longer.
Answered by patrickmcc55 - Fri Mar 23 10:39:49 2007
Q. Theoretical situation: Jack (age 53, single, no children, have parents) lives in USA and his best friend Paul has recently moved to- and become a citizen of Spain. If Jack were to write a will stating that any and all assets would go to Paul, what would happen? 1) Would the will be rendered invalid because Paul is not an american citizen? 2) Would his parents get his assets because they're his family? 3) Would there be any tax? 4) If Paul may inherit; how long will it take, from Jack's death to when Paul recieves the assets? Thank you
Asked by Yusuke - Fri Mar 23 10:10:39 2007 - - 2 Answers - 0 Comments
A. 1. Citizenship has no bearing on the benefactor 2. Jack may leave his assets to whomever he wishes. His parents may contest the will, but if it is a valid will, then they can not claim any ownership based purely on their relationship. 3. Depends upon the size of the estate, and which state he resided. All taxes are paid from the estate prior to settlement 4. Again, depends upon a number of factors. If the will is contested, it could take years. (Remember, Anna Nicole Smith and her former husbands son are both dead, and that will is still in court) Also depends upon the speed of the executor, and the complexity of the estate. Could take as little as 6 weeks, could take 6 months or longer.
Answered by patrickmcc55 - Fri Mar 23 10:39:49 2007
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