Legal Question in Wills and Trusts in Ohio

If you capitalize an irrevocable, non grantor, complex, discretionary, spendthrift trust with a foreign currency that you later exchange for US dollars, making a large profit, does that money become tax deferred while in the trust?


Asked on 4/28/11, 8:31 am

1 Answer from Attorneys
Nancy Fioritto Patete Nancy Fioritto Patete, Esq.

A trust is a vehicle for managing the disposition of assets. The asset itself is controlled by the regulations and conditions that apply to it. I'm not sure what you mean by non-grantor.

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Answered on 4/28/11, 10:03 am


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