Tuesday, January 20, 2015

Why foreign nationals are seeking help from American advisers - Foreign National Market



Immigration status is very important in the foreign national market.

The resident alien market is defined as non U.S. citizens who live in the U.S. The prospects in the foreign market have a poultry $60,000 estate exemption with no unlimited marital deduction. Qualified Domestic Trust (QDOT) planning can help mitigate some of the tax issues with foreign nationals. Interestingly enough, all worldwide assets are subject to estate taxation.

Often advisors are unaware that a solution is available, or fear they will not be able to offer a solution when the client is a non-US citizen. Once the status of a resident alien is established, the rules of engagement for that particular people group can be applied.

Syndicated financial columnist and talk show host Steve Savant interviews foreign market expert Carey Rokovich, CFP, CLU, ChFC. The foreign national market is a large, growing population that faces unique US planning challenges. Foreign national have a significant need for information on financial planning concepts and desire US dollar denominated products. This series reveals the untapped foreign national market in America. It's a niche segment of our society that could be a significant opportunity for advisers.

About Steve Savant

Steve Savant

As the National Marketing Spokesperson for Ash Brokerage, Steve Savant looks forward to meeting financial professionals in every way possible - in person or by video through conferences and social media.

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