Keep Trusts Offshore?

During the late 1990s, U.S. tax law became increasingly hostile to offshore trusts1 that benefit U.S. taxpayers. Tax compliance and planning became much more difficult for non-grantor trusts and new rules put more offshore trusts in the non-grantor category if they were established by a non-U.S. grantor. As a result, many trusts established by multi-national families in trust-friendly tax havens for

During the late 1990s, U.S. tax law became increasingly hostile to offshore trusts1 that benefit U.S. taxpayers. Tax compliance and planning became much more difficult for non-grantor trusts — and new rules put more offshore trusts in the non-grantor category if they were established by a non-U.S. grantor. As a result, many trusts established by multi-national families in trust-friendly tax havens for the benefit of their U.S. family members have since migrated to the United States

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