JUST IN CASE YOU HAVE A DUAL CITIZENSHIP, YOU MAY WANT TO CONTACT YOUR ADVISOR!
The US federal estate tax began applying on US assets of Israeli citizens on January 1, 2011. The tax can reach a maximum of 45% on the transfer of a deceased person’s assets to his or her heirs, based on the distribution of the assets to them.
In 2001, the US passed a law to gradually cut the maximum estate tax rate between 2002 and 2009. The law stipulated that the exemption from estate taxes for non-US citizens would be cancelled at the end of 2010, and that the maximum rate would reapply.