Ms. Debra Treyz works with JPMorgan Chase & Co. and saves foreign clients money by effectively using U.S. estate and gift tax rules applicable to non-U.S. citizens. She recently set up an estate plan for a couple based in Hong Kong by setting up a foreign offshore trust that will become a U.S. device when the couple dies. As the IRS has set up yet another program to find out what money is being hid abroad, Ms. Treyz has seen more cross-border clients. Ms. Treyz can help those clients minimize transfer taxes with proper planning techniques such as life insurance trusts, offshore grantor trusts, and gifting property that is not actually situated in the U.S.
See Elizabeth Ody, Tax Hunt Pushes Global Wealthy Into Offshore Trusts For Children in U.S., Bloomberg.com, Mar. 6, 2012; see also Ian Horowitz, Use of Foreign Trusts to Avoid Estate & Gift Tax, Wealth Strategies, Mar. 6, 2012.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.
