The Johnny Doe IBKR portfolio

[JackAlabama]

It seems you invest via an IBKR individual account and hold US situs assets. If you have heirs, are you not concerned about US estate tax? How do you handle it?

id be also pretty concerned about usa overall state and the loss of the reserve currency status.
Looking at this erratic behavior, Id say capital controls are also in the cards.
I hence am making plans to reduce holdings at ibkr to a minimum.

 

[JohnnyDoe]

It seems you invest via an IBKR individual account and hold US situs assets. If you have heirs, are you not concerned about US estate tax? How do you handle it?

I invest via a llc

 

[Mercury]

I invest via a llc

I see. Should then be a multi-member LLC since "U.S. source assets held through a single member limited liability company that is treated as a disregarded entity for U.S. tax purposes (i.e., NOT taxable as a corporation), are also subject to U.S. estate tax." (Charles Schwab).

 

[JackAlabama]

I see. Should then be a multi-member LLC since "U.S. source assets held through a single member limited liability company that is treated as a disregarded entity for U.S. tax purposes (i.e., NOT taxable as a corporation), are also subject to U.S. estate tax." (Charles Schwab).

well the common fix for this is having a hold co owning the llc like bvi or smth.
But that wont help much with the incoming capital controls.

 

[JustAnotherNomad]

id be also pretty concerned about usa overall state and the loss of the reserve currency status.
Looking at this erratic behavior, Id say capital controls are also in the cards.
I hence am making plans to reduce holdings at ibkr to a minimum.

What's the alternative? Any good non-US brokers?

 

[JohnnyDoe]

I see. Should then be a multi-member LLC since "U.S. source assets held through a single member limited liability company that is treated as a disregarded entity for U.S. tax purposes (i.e., NOT taxable as a corporation), are also subject to U.S. estate tax." (Charles Schwab).

This is not the appropriate place to speculate about my setup and discuss about LLC taxes. The thread is about investments.