Hi:
I am married to a US citizen, living in the US, and am now a US citizen myself. My mother still lives in the UK, and is concerned about IHT. My question is, could she set up a recurring gift to my children (or me) for, say, college funds, and transfer the money to the US without risk of it being clawed back if she passes away within 7 years? What about a lump sum? Are there any ways for her to remove money from her estate by transferring them to the US? We're also trying to see if she would like to move over here; it seems like becoming non domiciled is a bit of a trick, but if she sold her house and moved to the US and bought something here would that be enough?
Any advice for this situation would be good. I've tried to tell her that having to pay taxes is usually a sign that things are pretty good, but she really wants to minimize her IHT.
TIA,
Blobby
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