My mother is a Dominican citizen residing in Miami, Florida and married to a US citizen. She owns shares in a Dominican company and holds these shares in Miami, Florida.
Upon her death, will these shares be subject to Dominican inheritance taxes? If yes, is there anything we can do to avoid these taxes, such as an offshore trust?
If inheritance taxes are not due and she holds these shares in a trust prepared here in Florida, upon her death, will the Dominican company transfer the title of the shares to the heirs as stated in the trust upon presentation of the required documents?
Thanks for your answer.
Upon her death, will these shares be subject to Dominican inheritance taxes? If yes, is there anything we can do to avoid these taxes, such as an offshore trust?
If inheritance taxes are not due and she holds these shares in a trust prepared here in Florida, upon her death, will the Dominican company transfer the title of the shares to the heirs as stated in the trust upon presentation of the required documents?
Thanks for your answer.