Prem - you know one thing, I was about send comment in your old estate planning video to make detailed information and this came coincidentally today.. thanks for reading my mind… 😅 also great information throughout tge video.. I have question, let’s say usually everyone non immigrant will have minimum of below things 1. Bank account 2. Car 3. Home 4. Stocks So, if I make nominee in those categories then will might not be needed right? because veer said, nominee take la precedence. Please explain in sequel video if possible.
Thanks bro In your example Car and home have the title and it will come under the TRUST which eventually goes to the probate process if the person didn’t have the estate planning.. That’s why jointly(husband and wife) hold the house title is very important we can discuss on the separate video 👍👍
Thanks for this important video. Is the guardian role important if the child is not US born? Does the foster care rule apply to non-US born children of deceased parents in the US?
Great info 👍, 40% tax sounds very very unfair . We would have bought the house and paid off emi through money already taxed. Plus we are paying interest rate. Even then while settling the house to my child , they have to pay 40% tax 😱 . VERY very unfair. So our kids if they don't have 40% then they can no longer live in our hard earned house
Yes .. for visa holders parents exemption is very very less just $60000 only and the tax bracket will go up to 40 % … Whereas usa citizens or GC holders exemption is 12 millions Still its unfair
Someone please answer below for my query .. Husband is on H1B and wife is on H4 visa. They have only car and stay in rental house. kid was born in India ... Not US citizen. On this case ... 1. Even then should we write a will for kid and do estate planning ... 2. To whom will the custody goes if something happens to parents ?
Prem … My H1B vis is ending this month and I am planning to go back to india this month permanently … I have some stocks in Robinhood and Webull … Do I need to sell everything before I leave or whether I can trade in those apps from india also as usual … please help on that to understand and take decision
VeerVasanth Kumar Licensed Financial Planner ( in the US for past 25 years) WhatsApp # +1(626) 298-1594 Email : 1800database@gmail.com Whatsapp Number to order the Dress and customized accessories, can ship USA or anywhere in the World: +918807791348 You can get $5 Acorns App reward while using the below link acorns.com/share/?advocate.partner_share_id=4900910795571728308&shareable_code=5LN2L3M
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Thanks for sharing such important and needed Information. Great effort for the betterment of community
Thank u so much
Please share and spread awareness 🙏🙏
Good One Prem!!! Wishing your chat series to be a successful one!!! Looking for doctor’s chat very soon
👍👍 thanks
Very good information 👌
Thanks a lot
Useful information, good , Thank you very much
Thank u so much
Please share and spread awareness 🙏🙏
Please cover the difference between will, trust and estate.
We have just got done yesterday!!
Awesome 👏
Prem - you know one thing, I was about send comment in your old estate planning video to make detailed information and this came coincidentally today.. thanks for reading my mind… 😅 also great information throughout tge video.. I have question, let’s say usually everyone non immigrant will have minimum of below things
1. Bank account
2. Car
3. Home
4. Stocks
So, if I make nominee in those categories then will might not be needed right? because veer said, nominee take la precedence. Please explain in sequel video if possible.
Thanks bro
In your example Car and home have the title and it will come under the TRUST which eventually goes to the probate process if the person didn’t have the estate planning..
That’s why jointly(husband and wife) hold the house title is very important we can discuss on the separate video 👍👍
Thanks for this important video. Is the guardian role important if the child is not US born? Does the foster care rule apply to non-US born children of deceased parents in the US?
Non usa parents will be taken care by the indian embassy if they are indian born and they will hand over to their relatives
Hi prem & arthi how are you ? can you please make video on savings plan for kids in US .
Yes will do thanks 🙏
Bro..very useful info
Thank u so much
Please share and spread awareness 🙏🙏
Great info 👍, 40% tax sounds very very unfair . We would have bought the house and paid off emi through money already taxed. Plus we are paying interest rate. Even then while settling the house to my child , they have to pay 40% tax 😱 . VERY very unfair. So our kids if they don't have 40% then they can no longer live in our hard earned house
Yes .. for visa holders parents exemption is very very less just $60000 only and the tax bracket will go up to 40 % …
Whereas usa citizens or GC holders exemption is 12 millions
Still its unfair
@@ArthiPrem I think this varies by state to state also.. which is still unfair
True
Someone please answer below for my query
..
Husband is on H1B and wife is on H4 visa. They have only car and stay in rental house. kid was born in India ... Not US citizen.
On this case ...
1. Even then should we write a will for kid and do estate planning ...
2. To whom will the custody goes if something happens to parents ?
Top 20 all rounder states in usa sir
Prem … My H1B vis is ending this month and I am planning to go back to india this month permanently … I have some stocks in Robinhood and Webull … Do I need to sell everything before I leave or whether I can trade in those apps from india also as usual … please help on that to understand and take decision
If you're planning to move permanently better sell it before.. It may create tax complications if you trade from India
Can beneficiary be minor kid as I am a single mom?
Additional TIP : If you work for an employer check with your benefits. They've subsidized rates for certain employers. That saves a lot
Thanks 🙏
VeerVasanth Kumar
Licensed Financial Planner
( in the US for past 25 years)
WhatsApp # +1(626) 298-1594
Email : 1800database@gmail.com
Whatsapp Number to order the Dress and customized accessories, can ship USA or anywhere in the World: +918807791348
You can get $5 Acorns App reward while using the below link
acorns.com/share/?advocate.partner_share_id=4900910795571728308&shareable_code=5LN2L3M
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