Foreign Trusts Simply - Ruth Mattson

Organized around common real-world scenarios, Foreign Trusts Simply explains when an arrangement is classified as a foreign trust, the resulting tax consequences, and the information reporting obligations that may apply. Cross-references throughout the text help readers connect foundational concepts with practical applications.

Beginning with the fundamentals of trust law, the book explains how trusts operate under U.S. law before examining the taxation of domestic and foreign trusts, foreign trust classification, and key compliance requirements. It also addresses practical strategies for trust administration that can help prevent unintended foreign trust status and resolve or avoid common tax issues. A glossary with citations to relevant statutes, regulations, and cases provides a convenient reference for further research.

Designed for attorneys, trustees, tax professionals, and other advisors, Foreign Trusts Simply breaks a complex subject into clear, manageable components, making it an accessible resource for both experienced practitioners and those new to the field.