To do tax planning as far as Estate Tax on inheritances of shares in Vested abroad, does vested have the option of Gifting to during their lifetime to the legal heirs like daughter & son. If yes, Any tax implications in India and USA
We currently don’t but actively looking at enabling it. Will share more details soon. It’s an important capability esp. given estate tax
From an India standpoint gifting is allowed to relatives without any tax triggers. From a US standpoint there should not be any challenges, we will double check
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Eagerly looking for this option. Is there a way we can bump this in priority of the feature list?
Same here, it is criminal to give your hard earned money to uncle Sam after your demise!
As life is unpredictable, it is better to have an option to gift (or transferring) within Vested to your legal heirs during your lifetime!
There is no tax on gift to legal heirs in India or US in this regard.
Hope to see this option soon!