What US tax is due if I own US assets when I die?

So we all agree that if you hold US assets that we have an issue if you die unexpectedly with estate tax payable to US..

If you liquidate your holdings your money will be subjected to CGT in Ireland and then potentially inheritance tax when you pass on your assets..

What's the solution?
 
Bluefin said:
So we all agree that if you hold US assets that we have an issue if you die unexpectedly with estate tax payable to US..

If you liquidate your holdings your money will be subjected to CGT in Ireland and then potentially inheritance tax when you pass on your assets..

What's the solution?
Click to expand...
Very interesting thread. I would be interested in knowing what the possible solutions are. My thoughts have always been to leave the shares well alone, keep filling in the tax forms that Merril Lynch send my Father and pay the Estate Tax in the US on his death. If there is a better option to consider, where would we get this type of advice from?
 
Most folks I have spoken to over the years, don't know about this tax at all.

If an executor is unaware or does not pay this tax from an estate, and distriutes the estate, who would be liable to pay it?
 
If I have american shares in my own name would my wife be liable for American tax on inheritance?

If so should I put them in joint names now?
 
SPC100 said:
Most folks I have spoken to over the years, don't know about this tax at all.

If an executor is unaware or does not pay this tax from an estate, and distriutes the estate, who would be liable to pay it?
Click to expand...
The executor would be liable
 
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