Dual residents must be aware of the different income tax considerations when dealing with foreign and domestic trusts.
The determination of a trust’s residency is different between a foreign and a domestic trust. A foreign trust is any trust other than a domestic trust and a domestic trust is a trust that satisfies both the court test and the control test. Given that a domestic trust must satisfy a number of requirements, it seems much easier to establish than a foreign trust. This white paper reviews the different types of foreign trusts that may be part of your client’s estate plan and the necessary court and control tests.
Agenda
Faculty
Anthony F. Vitiello, Esq.
Connell Foley LLP
- Partner and chairman of the Taxation and Estate Planning Group of Connell Foley LLP (Resident in the Roseland, NJ office)
- Practice is dedicated to sophisticated tax planning for individuals, businesses, estates and trusts, with a particular emphasis on national and multinational estate planning, as well as as-set protection planning
- Lectures extensively and frequently publishes in legal and business journals on a variety of tax and estate planning issues, including those related to federal estate, gift and income tax issues, wealth preservation, trusts, and a multitude of other planning techniques
- Admitted to practice in six states, the District of Columbia and United States Tax Court
- Recognized for the past 10 years in “Best Lawyers in America” in the areas of trust and estates, trust and estates – litigation, and tax litigation and controversy
- LL.M. degree in taxation; J.D. degree, New York University
- Can be contacted at 973-840-2433 or [email protected]
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- Live Webinars
- OnDemand Webinars
- MP3 Downloads
- Course Manuals
- Audio Recordings*
- Executive Reports
- White Papers and Articles
- Sponsored Live Webinars
Additional benefits include:
- State Specific Credit Tracker
- Members Only Newsletter
- All-Access Pass Course Concierge
* For audio recordings you only pay shipping
Questions? Call 877-296-2169 to speak with a real person.
Thank You!
Download White PaperMore Program Information
Access to all training products $699/year
Unlimited Lorman Training
With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!
Easy Registrations
Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.
Invest in Yourself
You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.
