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|    can.taxes    |    All that "free" healthcare has a price    |    23,408 messages    |
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|    Message 22,727 of 23,408    |
|    BT to All    |
|    Question on US treatment of Canada trust    |
|    12 May 13 16:08:55    |
      From: BT@fakeadress.org              My mother is a US citizen/Canadian resident (in B.C.). I am a US       citizen and resident, and will be her sole heir. Her tax attorney       suggests placing her house in a trust to avoid probate. I know this is       a common strategy in the states, but I don't know what the implications       are for either my mother's US return (she files in both countries) or my       eventual inheritance with a Canadian trust. (FYI, her total estate will       not approach the US estate tax threshold). Her tax attorney makes no       claims re: US taxes.              So, if someone here knows about this, does the trust sound like a good       plan in this case? Any red flags here? Any questions I should put to       her lawyer before he goes forward with this plan?              Thanks in advance.              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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