Part
Five
The
Final Trust
In
some multi-trust arrangements,
the owner of one or
more abusive trusts
establishes a trust
(known as the "final trust") that holds trust units of his other trusts and is the final distributer of
their income. A final
trust often is formed
offshore in a foreign
country that imposes
little or no tax on
the trust. In some
arrangements, more
than one foreign trust
is used with the cash
being channeled from
one trust to another
until the cash is finally
distributed to the
U.S. owner, allegedly
tax free.
If
you would like more
information regarding
asset protection, trusts,
family limited partnerships
or the subject of this
article please call
or email our office.
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