[WSBAPT] United Kingdom real property transfer to a WA Trust or LLC- referral?

[Sarah McCarthy]

Does anyone have experience in creating a trust or an LLC holding company
to hold title to real property in the UK?  The owners used to be WA
residents, and are US citizens, but I'm unsure on present and future
residency status.

I have no experience on this issue, and would be glad to hand them off to
someone who does have experience on this. Though I would also welcome any
templates or other guidance someone may want to offer.

I'm also aware, via my bit of googling, that UK tax treatment of trusts is
an issue to be considered, so I'm wary of wading into this. 5 Issues for UK
Resident Beneficiaries of US Trusts - Ingleton Partners Ltd
<https://www.ingletonpartners.com/insights/5-issues-for-uk-resident-beneficiaries-of-us-trusts/>

I also found this article via google that recommends an LLC holding company
for this purpose.
International-Estate-Planning-for-U-S-Citizens-An-Integrated-Approach.pdf
(phillipsnizer.com)
<https://www.phillipsnizer.com/siteFiles/24533/International-Estate-Planning-for-U-S-Citizens-An-Integrated-Approach.pdf>

I do understand that local counsel in the UK would need to prepare the deed
to convey the property into whatever trust or LLC is established.

Generally these seem like muddy and complex waters and I'd be glad to hand
these folks off.

Thanks!

Sarah

*Sarah O’Farrell McCarthy*


*(Pronouns: she / her)*Attorney, Partner | Kelly, Arndt & Walker, Attorneys
at Law, PLLP
P.O. Box 290 | 6443 Harding Avenue | Clinton, WA  98236

(Located on Whidbey Island, Island County, Washington)
Phone: (360) 341-1515 | Fax: (360) 341-3272
sarah at kawlawyers.com | www.kawlawyers.com


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