Assess beneficiaries' jurisdictions before planning cross-border succession
· livemint.com
The choice between a trust and a will should be informed not only by control and asset protection considerations, but also by taxation, treaty relief and repatriation rules in those jurisdictions.
Following his father’s demise, the beneficiaries were Hari, his wife and their two daughters, all of whom were US citizens and residents. The trust deed provi...