The Foreign Trustee Trap!
Naming a foreign successor trustee is a triple threat to your legacy: it triggers hidden taxes, invites IRS penalties of up to 35%, and creates a logistical nightmare that can freeze your family's inheritance for months.
Naming a foreign successor trustee is a triple threat to your legacy: it triggers hidden taxes, invites IRS penalties of up to 35%, and creates a logistical nightmare that can freeze your family's inheritance for months.