Paul, a U.S. citizen, will avoid the Federal estate tax if he becomes a Canadian resident and owns no property located in the U.S. at the time of his death.

Question

Quizplus · Accepted Answer

This statement is incorrect. Even if Paul becomes a Canadian resident and does not own any property in the U.S. at the time of his death, the U.S. Federal estate tax may still apply to his worldwide assets if they exceed the applicable exemption amount.

Paul, a US