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Updated about 4 years ago,
Entities (LLC/Land Trust) & Living Trust Set-up/ running costs
Hi BP members,
As a non-US resident (Aussie citizen), I wish to invest in the US single-family residential market as a long-term buy and hold. Is it possible to mitigate the US federal estate taxes, gift and inheritance taxes through proper planning well in advance? I've heard of a blocker structure or something which especially works very well with the foreign/ non-US resident real estate investors.
Can anyone recommend an international tax advisor based in the USA who might have set-up the structure? Also, if you could give me an indicative estimate of the set-up and the annual running expense for forming a rental LLC (say GA LLC), WY | NV holding LLC, Land Trust and a US Living Trust + Foreign blocker structure holding shares in the WY | NV holding LLC?
Any references, info. and recommendations would be very helpful of these entity set up costs and services.
Thanks all in advance