Citizenship Question
Apologies if this was answered previously, but I searched and could not find the answer. I was recently at a Burns supper and bumped into a nice lady from Edinburgh who had been here a while so I was quizzing her about citizenship as I am currently a permanent resident but wondered about the advantages of citizenship. Her advice was to become one because her lawyer told her that if she died while a PR the government could take 50% of the estate and her spouse would loose out. Is this correct or old advice??
Thanks Paul |
Re: Citizenship Question
Originally Posted by polsmt
(Post 5883684)
Apologies if this was answered previously, but I searched and could not find the answer. I was recently at a Burns supper and bumped into a nice lady from Edinburgh who had been here a while so I was quizzing her about citizenship as I am currently a permanent resident but wondered about the advantages of citizenship. Her advice was to become one because her lawyer told her that if she died while a PR the government could take 50% of the estate and her spouse would loose out. Is this correct or old advice??
Thanks Paul No certain of the percentage but essentially correct. As a non-citizen you pay hired taxes on estates than a citizen would. |
Re: Citizenship Question
Originally Posted by polsmt
(Post 5883684)
Her advice was to become one because her lawyer told her that if she died while a PR the government could take 50% of the estate and her spouse would loose out. Is this correct or old advice?
While there are many good reasons to become a USC, IMHO the top three are: 1) it allows you the *right of entry* to the US; 2) it allows you to vote... and so participate in the process rather than be a reactive bystander; and 3) it releases your sponsor of their financial obligation under the I-864. Ian |
Re: Citizenship Question
Originally Posted by ian-mstm
(Post 5883919)
While there are many good reasons to become a USC, IMHO the top three are: 1) it allows you the *right of entry* to the US; 2) it allows you to vote... and so participate in the process rather than be a reactive bystander; and 3) it releases your sponsor of their financial obligation under the I-864.
Ian PS: does $800K ring a bell? I don't know, that's just the # I thought... |
Re: Citizenship Question
Thanks everyone for replying. Gives me some food for thought....
|
Re: Citizenship Question
Hello
I too think it is about correct and also I believe that while the proceeds of a life insurance are generally tax free ( this is what the agents tell you and you read)... I have been told that when the PR is the beneficiary of a life insurance policy that in fact the proceeds likely end up being taxed but if PR where in fact a Citizen no such liability accrues. M |
All times are GMT. The time now is 10:52 pm. |
Powered by vBulletin: ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.