Following a series of recent, significant judgments, it has become crucial to know where your clients' trusts are actually managed. Failure to stay on top of the new rules could result in higher than expected taxes on assets held inside these trusts
Genuine sales to a trust by its beneficiaries are not subject to the attribution rules
A cluster of recent judgments sheds light on developments in tax planning using trusts and private corporations
Time limit for deemed dispositions from trusts can be a trap for financial advisors and clients
Family trusts and offshore residency have caught the agency’s attention
When set up properly, a trust can preserve estate capital and help ensure the needs of intended beneficiaries are met. By learning about trusts, you will be better prepared to help your high net-worth client