Hello - I (US Citizen) am in the process of applying for a Green Card for my father (Citizen of India). One of the questions we have is about the impact of this on estate planning and tax purposes from an inheritance perspective.
I understand that if/when my father becomes a GC holder, he will be subject to the US IRS laws and this will remain in place for the future and will impact how his estate will be taxed.
Are there qualified professionals that can help minimize the taxation impact of this situation? Should we be transferring assets before his GC is approved?
Thanks in advance for your help