[WSBAPT] foreign national as trustee or executor

[Mark Lee]

Client is in US (and not US citizen) and all the relatives are in Europe and are also  not US citizens.  Client wants to name the relatives as trustees and successor trustees for a revocable trust which would include real property in the US and US financial accounts.  Is this a mistake because of the tax consequences?
If alternatively the client creates a will instead of a trust are there any downsides to having the executor be a foreign national who is overseas other than the practical issue of them needing to travel if for any reason they need to be present in the US?  Same question for  agents for powers of attorney. 
Mark S. LeeAttorney at Law
40 Lake Bellevue Drive, Suite 100Bellevue, WA 98005
phone: (206) 292-5032
fax: (206) 452-2030
email: MSLatty at yahoo.com
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/wsbapt/attachments/20240524/1bcc75da/attachment.html>