Wednesday, January 21, 2015
Why foreign nationals generate such large cases - Foreign National Market
Non resident aliens (NRA) owning businesses, homes, investments and other assets are generally upper middle class to the uber wealthy. With lifetime estate tax exemption only $60,000 ($13,000 credit against estate tax) and the same estate tax rate table as U.S. citizens, a huge untapped market exists.
There are planning alternatives such as change tangible property into intangible property or making gifts of intangible property an NRA's lifetime during life to their heirs.Structured correctly, there may be no estate tax or gift tax, but, the client loses asset control.
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. http://youtu.be/jZ0SkFdioC8
About 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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