Legal Question in Wills and Trusts in California
How do I set up a trust in Barbados
I would like to find out how to set up a trust in Barbados, and also one in New York and California. Specifcally there are a number of properties in Barbados and New York and I would like to make sure that these properties are protected from estate taxes etc.
3 Answers from Attorneys
Re: How do I set up a trust in Barbados
Check with estate planning attorneys in your residence state. It may just take one trust in that jurisdiction, or perhaps more than one, but that attorney will be your starting point and should be able to arrange for attorneys in the other jurisdictions to advise as well.
Re: How do I set up a trust in Barbados
Attorneys in these jurisdictions must establish the trusts in those states. If you are in California, I can help you with the CA trust, and help you find attorneys in the other areas for trusts or other asset protecting devices in those areas.
Re: How do I set up a trust in Barbados
The U. S. by treaty has arraingments to recognize Trusts done by residents of the various U. S. States. However, it should be checked out, and if in doubt do two trusts. The jurisdiction in which you've established residency is the primary jurisdiction.
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