Vehicle of Choice: U.S. Trusts for International Private Clients

Private Wealth Services attorney Eduardo Arista wrote an article featured in the Step Journal about the utility of the U.S. trusts for Latin American families. Because of perceived abuses, the U.S. Internal Revenue Service (IRS) challenges the desired tax treatment of various trust structures, causing judicial interpretations and administrative pronouncements on myriad issues. In this article, Mr. Arista shares a comparative analysis of how each Latin American country might treat a particular U.S. trust. U.S. trusts continue to be the popular choice of tax and estate planning for many Latin American families. Mr. Arista adds that setting up a trust that works as intended from both the Latin American and U.S. perspectives requires close collaboration among all parties involved.