30 November 2021 Issue 6 Shelly Meerovitch and John McLaughlin

Switching structures

Shelly Meerovitch and John McLaughlin discuss how US beneficiaries of foreign non‑grantor trusts can efficiently access greater wealth offshore

Key points

What is the issue?

Foreign non‑grantor trusts (FNGTs) have long been misunderstood.

What does it mean for me?

It is worth revisiting many advisors’ preconceived notions of FNGTs, especially in a rising tax environment where US beneficiaries do not require the funds imminently.

What can I take away?

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