New Delhi, May 7 -- Indians typically view the US as a land of opportunity. In today's interconnected world, in which global mobility is the norm, more Indians then ever before have ties to the US - not just through family, but business, financial, and other interests as well.

Indians with relatives who are US citizens or based on the US face unique and complex US estate and tax planning rules, and ignorance around these often leads to high taxes and penalties. Careful planning is thus essential to minimise potential tax liabilities. That's because Indians who own US assets may be subject to US estate taxes regardless of their citizenship or residency status, even if they live outside the US.

'US persons' (i.e., US citizens and resident...