Episode Synopsis "Moving trusts"

In this podcast, we look at moving a trust. Our host and head of the family office practice, Ivan Sacks, talks to Sandra Fung, about moving the situs of a trust from one jurisdiction to another. The movement of trusts may be influenced by life changes, such as the Trustees or beneficiaries moving to another state, or independent strategic considerations related to the advantages of different rules in different jurisdictions.  Sandra provides guidance on what it means to "move" a trust, including the difference between a tax home and an administrative home, and how and why families move trusts around to achieve strategic advantages, including tax efficiencies.

Listen "Moving trusts"

More episodes of the podcast W talks: families and family office

• Family offices as direct investors
• Sibling rivalries in family businesses
• Asset protection for children including trusts and prenups
• Moving trusts
• Opportunities for planning in a low interest environment
• Employment agreements, and incentives for performance and retention
• Structuring family offices for tax and investment benefits