Foreign trust definition

ryoshimoto — Tue, 04 Jun 2019 20:55:02 GMT

What can be considered a foreign trust?

" What can be considered a foreign trust?" A foreign tru...

Anonymous_ — Tue, 04 Jun 2019 20:55:04 GMT

" What can be considered a foreign trust?"

A foreign trust is any trust other than a domestic trust, per Treas. Reg. §301.7701-7(a):

(1) A trust is a United States person if -

(i) A court within the United States is able to exercise primary supervision over the administration of the trust (court test); and

(ii) One or more United States persons have the authority to control all substantial decisions of the trust (control test).