Legal Question in Wills and Trusts in Florida

Are you planning on dying before they reach 30?

A will would not be best in these circumstances. You will need to create a trust as the trust can pass the inheritance on to them at a certain age and while you are still alive. A will only disposes of your assets once you are deceased. If you would like to discuss this further, please contact my office at 904-371-3538 or email me at [email protected].

There are just too many things you need to consider including: a. Income taxation; b. estate taxation; c. elective rights of spouse if any; d. Alternate methods of holding through securities and entites to avoid branch profits taxes; e. Tax treaties with your current place of residence; f. Gift taxes; and many more.

You need to discuss this with both your tax advisor in the foreign country in which you are located and a competent Estate and Tax practitioner here in the state of Florida. If I can be of any help please make contact, but don't try to do this on your own, whatever you do!