Brent Nelson

Brent Nelson, an ACTEC Fellow and expert in cross-border trust taxation, dives deep into the complexities of foreign non-grantor trusts. He clarifies how classification hinges on trustee control and the differences between grantor and non-grantor rules. Brent discusses strategic planning for U.S. beneficiaries, including timing for residency changes and managing distributions to avoid penalties. He also explains crucial U.S. reporting obligations, ensuring listeners are well-equipped for successful cross-border estate planning.