Latest / The High Net Worth Podcast with Fexingo: Wealth Management, Tax Strategy, and Affluent Finance
How Ultra-Wealthy Families Use Cross-Border Trusts for Estate Planning
In this episode, Lucas and Luna explore how ultra-high-net-worth families use cross-border trusts to manage estate taxes across multiple jurisdictions. They break down the mechanics of a dual-residency trust structure, using the example of a Canadian-U.S. family navigating the Section 2044 estate tax trap. Specific numbers: how a $50 million estate could save over $10 million in unnecessary taxes by properly aligning trust situs and grantor status. They also discuss the trade-offs of each jurisdiction's trust rules — from the U.S. Grantor Trust rules to Canada's 21-year deemed…
The skinny
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