Resident of the United States?
May 1, 2017

Non-US persons are investing in the US in unprecedented numbers.  Unfortunately, assets are often unnecessarily subject to up to 40 per cent US transfer tax (including gift, estate and generation-skipping transfer taxes) above the very low exemption thresholds.  Perhaps even worse, if the investor becomes a US person, they can unknowingly be subjected to US transfer tax and income tax on their worldwide assets.  One way that may avoid unnecessary tax exposure is to purchase a non-US investment product, such as an off-shore annuity.