Yes. The US imposes an estate tax on 'US-situs assets' (including US-listed stocks and US-domiciled ETFs) held by non-US citizens at the time of death. The exemption for non-US citizens is only $60,000 — far lower than the ~$13.99 million exemption for US citizens. Estate tax planning is an important consideration for investors with significant US holdings.
📌 Ireland-domiciled UCITS ETFs (e.g., CSPX instead of SPY) are not US-situs assets and avoid US estate tax. Consult a tax advisor for your specific situation.
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