British Expats - Leaving my condo in trust to my children

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sarahusa

Jun 10th 2017 2:22 pm

Leaving my condo in trust to my children

Hi, I own a condo in Florida and wondered if it was possible to leave it in trust for my children? Will the value of it
be included in my estate when I die

bruceba

Jun 10th 2017 5:20 pm

Re: Leaving my condo in trust to my children

I am not a tax guy but if you are a non-resident(of the US) the taxes of you estate in the US can be high.http://www.jpmfinancialservices.com/...teTaxation.pdf

Cook_County

Jun 10th 2017 6:59 pm

Re: Leaving my condo in trust to my children

If you are domiciled within the United Kingdom creating a US trust could give rise to an immediate and future 10 yearly IHT charges.

Pulaski

Jun 11th 2017 12:13 pm

Re: Leaving my condo in trust to my children

Quote:

Originally Posted by sarahusa (Post 12270049)

Hi, I own a condo in Florida and wondered if it was possible to leave it in trust for my children? Will the value of it
be included in my estate when I die

Where do you live?/ Where are you subject to tax?

sarahusa

Jun 11th 2017 9:48 pm

Re: Leaving my condo in trust to my children

Quote:

Originally Posted by Pulaski (Post 12270478)

Where do you live?/ Where are you subject to tax?

I live in the UK and spend around 3 months in Florida

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