A Foreign Non-Grantor Trust is basically a foreign trust that was set up by a foreign person/non-US grantor or settler. And it is possible for a US beneficiary, of that trust, to be taxed, even though they did not receive a distribution.

Usually, when you have a Foreign Non-Grantor Trust with a US beneficiary, that beneficiary doesn’t have to pay tax, until/unless they receive a distribution. And because non-distributed assets remain in the name of (owned by) the trustee/trust, the US beneficiary does not have to pay taxes on them. Now, when those assets generate income, tax obligations (income tax) are applied. Additionally, because the assets remain in the name of the trustee when the US beneficiary passes on the assets to their heirs, they will not be taxed (US estate gift tax) on the assets either.

Make sure to subscribe to stay up to date on our latest videos [ Ссылка ]

Visit our website to schedule a call with a member of our team: [ Ссылка ]

Follow us on socials!
Twitter ------------ [ Ссылка ]

LinkedIn---------- [ Ссылка ]

Facebook ------- [ Ссылка ]

Instagram ------- [ Ссылка ]

Jimmy Sexton, LL.M. is the Founder & CEO of Esquire Group. Jimmy founded Esquire Group with the objective of helping and inspiring wealthy families, investors, entrepreneurs, and high-level executives obtain and gain control over and protect their wealth, via strategic wealth planning. Jimmy started his career in 2003 and continues to service an elite group of clients. In 2005 Jimmy extended services to include tax preparation, which has evolved into Esquire Group’s exclusive Concierge Tax Service.

This service is offered to a limited number of clients. (submit a request to see if we currently have openings for new clients: [ Ссылка ]).

Esquire Group is not your typical international tax and wealth advisory firm; we are international business people and global citizens that strive to continue finding ways to provide value to our clients and enhance their lives, giving them peace of mind.

свернуть