[RummyChick]

Just add this to one more huge complication. The Old Man's money to ANS might not be taxed.
http://www.estateattorney.com/basicfet.htm


However, when it goes to the child..it might be taxed. I don't know what the tax rate is now but it could be about 1/2 the estate...or 200 million dollars in a broad figure.

So, if the child has not yet claimed to be a citizen of the Bahamas but will be allowed to claim it...how is she taxed when she gets the money. What would you do if you could save 200 million dollars by declaring to be a Bahamian citizen?

Also, is there such a thing in the US as dual citizenship?
http://travel.state.gov/travel/cis_pa_tw/cis/cis_1753.html


And how does that effect all of this.

[Arizona Carolyn]

~LOL~ no brainer, when I turned 18 I'd file for my Bahamian Citizenship and take my inheritance in the Bahamas.