Thank you Roselvr.
I do appreciate you looking up those numbers.
I do think that she would currently be taxed about 40% of our wealth if I passed away.
Our holdings for the most part are in a trust.
And no I am very healthy so I don’t see death in my near future but I need to be prepared and protect my wife.
Sorry for the late return to this topic.
I was a bit put off by an early reply so I didn’t think that I wanted to add any more but here is a bit more info.
My wife is a Canadian.
She likes being a Canadian.
I have been dating her since we were teenagers.
We are both anti war and saw no reason to lose any of our children to somebody else’s great idea to kill people.
So she kept her Canadian citizenship.
Well that was in 1982.
1982 was a few years ago.
Times have changed and we have changed as well but are still anti war
.
It is odd, and I mean this in the kindest way,
People get all shocked and almost butt hurt when they find out my wife is not an American.
They would ask her when is she getting her citizenship?
She would just say “why ? “
I think she nicely meant why is this your business
.
It used to be that she would have to renounce her Canadian citizenship years ago but I never asked for legal advice on this so there is that
So when I was a 22 year old dummy I never thought or even considered that we would have and own what we now have.
As I earlier mentioned we worked our butts off for this.
We constantly grind away working long hours and seek opportunities.
We have invested wisely.
We have smarted people than us that help us with this.
I don’t take this last statement back one bit and found the reply wasn’t worth replying to.
I did give some wrong information and apologize for that.
10 years ago the wife green card cost us I believe $800.
So we laughed and I thought we said the Canadian passport would be twice that.
My bad.
We do like to holiday.
Heck we earned it.
Lots of great places in America to do that but we like to travel to other countries as well.
I/we were a bit shocked when a bunch of her friends wanted to do a Cabo trip and then she realized she was grounded.
She did apply over a year ago for her US citizenship.
She and I would be best served if she optioned a dual citizenship.
We have family and holdings on Vancouver Island as well.
I think she just still likes being a Canadian.
Sorry for the long post.
Thank you all on your advice.
Andy.