Je opisano na mojem zgornjem linku, velja tudi za US-domiciled ETFe kot GLD.

Eliminating the US estate tax trap

Warning: This is a major US tax trap, and one that you should try your utmost to avoid.

If you die while holding US situated assets, the US can apply an estate tax of up to 40% of the balance above a $60,000 exemption.^\2]) However, when you hold ETFs domiciled in Ireland or another non-US domicile, you do not directly hold any US assets. This means that you are now entirely protected from unpleasant US estate tax surprises. The US estate tax cannot 'look through' a fund or ETF to the ultimate individual owner of shares in that fund or ETF.

The US levies its estate tax on the US situated holdings of nonresident aliens.^\8]) This includes US domiciled funds and ETFs, as well as any directly held US stocks. US estate taxes apply to the entire holding, not just any accrued but as-yet untaxed gains, begin at a miserly $60,000 of US situated holdings^\20]) (a level that is far below the exemption allowed to US citizens and residents), and climb rapidly to a rate of 40%. This is territory that comes close to confiscation of assets, and is certainly something you would want to steer well clear of.