Foreign Asset Protection Trusts

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Monday, 13 November 2023 08:46

Foreign Trusts: Income Tax and the Nonresident Noncitizen Grantor

Article Written for: the CPA Now, PICPA Pennsylvania Institute of Certified Public Accountants

Foreign trusts generally incur taxable income similar to nonresident noncitizen (NRNC) individuals, with certain limitations on credits and deductions that are source income.¹

Published in Publications

Tuesday, 22 August 2023 20:00

Foreign Trusts: Income Tax and the U.S. Grantor

Article Written for: the CPA Now, PICPA Pennsylvania Institute of Certified Public Accountants

A foreign trust is generally treated as a nonresident noncitizen (NRNC) holding for U.S. income tax purposes. Therefore, foreign trusts are subject to U.S. income tax only on U.S. source income.[1]

Published in Publications

Tuesday, 11 July 2023 20:00

Gary discusses asset protection trusts and LLCs, exploring domestic and offshore options, advantages, disadvantages, and tax strategies in his seminar, "Global and Domestic Asset Protection Options: A Worldwide Comparison" via Live National Webinar.

Global and Domestic Asset Protection Options: A Worldwide Comparison

In this seminar, we present an overview of asset protection trusts and LLCs, offered domestically and offshore. Discussion will include advantages of foreign statutes and case law over similar domestic asset protection tools (and vice versa). Tax strategies will also be discussed.

Wednesday, July 12th @ 12 Noon ET
Register for this LIVE (no cost) seminar.

Published in Press Releases

Thursday, 18 May 2023 20:00

Gary presents on the advantages and pitfalls of DAPTs and Foreign Asset Protection Trusts. Judicial perspective and notable cases are also discussed in his seminar, "Domestic Asset Protection Trusts (DAPTs)" for the National Business Institute.

Domestic Asset Protection Trusts (DAPTs)

In this seminar, we discuss trusts designed to protect assets from creditors while allowing individuals to maintain some level of control over trust asset. We explain the various types of trusts, and the differences between them. We discuss the increasing popularity of DAPTs and provide an overview of the factors to consider when forming one. Lastly, we provide examples of notable cases related to DAPTs, and compare DAPTs with Foreign Asset Protection Trusts.

Friday, May 19th @ 2:45 PM ET
Visit the National Business Institute website for more information.

Published in Press Releases

Our mission is to serve as a resource for complex domestic and international business transactions, tax, health law, asset protection, and related litigation.

Our firm is an approachable and economic alternative to large national and international law firms. Se habla español.

Gary analyzes the limits of protective structuring across jurisdictions, focusing on how to best avoid the weaknesses and bolster the strengths of the single member LLC, in his seminar: "Single Member LLCs: Top 10 Tips and Traps" for the NBI

23 April 2024

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Foreign Trusts: Income Tax and the Nonresident Noncitizen Grantor

Foreign Trusts: Income Tax and the U.S. Grantor

Gary discusses asset protection trusts and LLCs, exploring domestic and offshore options, advantages, disadvantages, and tax strategies in his seminar, "Global and Domestic Asset Protection Options: A Worldwide Comparison" via Live National Webinar.

Gary presents on the advantages and pitfalls of DAPTs and Foreign Asset Protection Trusts. Judicial perspective and notable cases are also discussed in his seminar, "Domestic Asset Protection Trusts (DAPTs)" for the National Business Institute.

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