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A US LLC's income will always be US income so long as it is earned here from sources in the US
This should have no impact on your wife's benefits, regardless if it is US income or not
I was not clear with my question. I need to know how to set this up for estate planning, i.e. after my death. The LLC is currently set up as a single member LLC with me as the only member. As we will be living outside the U.S., how could we handle income after my death?
Well, once you pass on the LLC ceases to exist
You would have to have it set up where if you died, your wife would take over as the member in the LLC
The income would be US Sourced income if the LLC is doing business in the US
It won't have any impact on your wife's social security entitlement whatsoever
Absent the LLC, I think it would as I read it. I will need to know what and how to handle the LLC so that my wife becomes the sole member.
When you set up the LLC, have the attorney who drafts it draft a succession plan, and have it in the articles that upon your death your wife becomes member
The LLC is already done so it would need to be modified if possible.
Yes, it would be simple. An amendment. Any attorney could do that for you.
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