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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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