Trust, Estate and Family - 08 Feb 2017
The Foreign Trust Tax Review is a service aimed at assisting non-US Trustees with understanding potential US tax considerations for non-US trusts and connected parties.
This is a three step programme, designed to identify any potential US tax issues that are connected to a foreign trust and to provide guidance as to planning opportunities and options available for rectifying any prior issues.
STEP 1 – Information Gathering
A focused and concise process designed to understand the background history relating to the trust, and connected parties (settlor/beneficiaries), and straight forward collation of required information.
This allows us to understand the trust situation and provide clear fee quotes based upon the representations made.
STEP 2 – Information Review
Detailed analysis of information gathered to include:
STEP 3 – Advisory Memo
Provide clear guidance relating to planning opportunities available and advised next steps.
The Foreign Trust Review provides clear and practical guidance in respect of many US connected issues, including recognition of valuable planning opportunities as well as a review of prior year activities. Some examples of where we can provide benefit includes:
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