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Leaving my condo in trust to my children

Leaving my condo in trust to my children

Old Jun 10th 2017, 2:22 pm
  #1  
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Default 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
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Old Jun 10th 2017, 5:20 pm
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Default 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
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Old Jun 10th 2017, 6:59 pm
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Default 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.
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Old Jun 11th 2017, 12:13 pm
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Default Re: Leaving my condo in trust to my children

Originally Posted by sarahusa View Post
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?
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Old Jun 11th 2017, 9:48 pm
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Default Re: Leaving my condo in trust to my children

Originally Posted by Pulaski View Post
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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