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Understanding the benefits of trusts for US expats and nonresidents with US assets from Fidelity
Understanding the benefits of trusts
✔ Control of your wealth
✔ Protection of your legacy
✔ Privacy and probate savings
They say death and taxes are inevitable. But that may not be completely true. If you die this year, your estate will avoid taxes as long as it is valued at less than $5,490,000—and up to $10,980,000 for a surviving spouse. So who needs a trust?
“Many people are surprised to learn that there are many benefits to having a trust other than potential tax savings,” says Andrew Hamil, head of Fidelity Personal Trust Company. “Though taxes are important, protection of your assets and assuring your family's well-being in the event of incapacity far outweigh the benefits of tax savings for most people.” Read More
Need help with a US trust or Will to dispose of your US assets, contact email@example.com. If you have assets located in the country you live in abroad, best to hire a local attorney to draw up the property documents to transfer those assets upon your demise.