The landscape for the structuring and administration of trusts is changing. The rise of China and the continued economic growth of the Asia Pacific and Gulf regions are fueling unprecedented growth of international trusts. The increasing prominence of trusts has been accompanied by more and more international legislative and regulatory scrutiny.
Within the array of wealth planning tools Foreign Asset Protection Trusts (FAPTs) are frequently preferred for asset protection purposes because they provide a higher level of protective measures than domestic trusts by the nature of the statutes governing them.
Because FAPT is an offshore entity, it is generally not answerable for judgments handed down by U.S. courts. For a U.S. creditor to collect a judgment against a FAPT, it generally would have to bring a new action in the foreign jurisdiction. While there are many specific issues which determine how immune the trust assets may be from creditor attack, in general there are formidable barriers for all but the most determined and well-funded creditors.
U.S. Trusts practices continue to experience widespread and highly significant change on a near daily basis. Now U.S. based legislation means an ongoing battle for those in the industry to provide the best possible service to clients, whilst ensuring they stay on the right side of regulation. On top of this, different initiatives from multilateral organizations mean all in the region are affected by developments, and all must strive to stay ahead, offering the best legal and product advice in what is currently an extremely competitive sector.
In the midst of such a complex landscape, trust practitioners must continue to adopt new and innovative trust and estate planning techniques. The design and implementation of complex wealth transfer and preservation plans requires a careful examination of international opportunities to meet the needs of the increasingly knowledgeable clients.
Our conference will deal with trusts and estate planning for both U.S. clients with foreign connections and foreign clients with U.S. connections and discuss thoroughly Tax and reporting rules relating to foreign trusts, their regulation and their implementing. This event will also facilitate networking among international and U.S. delegates
This is an ideal event for lawyers, private bankers, wealth managers and trust company representatives from across the U.S., Canada, Latin America, the Caribbean and other international jurisdictions worldwide.
Speakers and presenters will include a broad mix of international experts that will guide you through the key legal, regulatory and taxation issues of getting up and managing domestic and international trusts.
Specific topics for this discussion include:
- Cross Border Estate Planning (with a sample case)
- Asset Protection
- Trust Administration- Jurisdiction Comparisons
- Trust Protector Issues: The Use of Trust Protectors in International and U.S. Trusts
- Private Trust Companies- Their Proliferation and Uses
- 2005 Bankruptcy Code Analysis- Impact on U.S. Assets and U.S. Trusts
- Integration of Trusts and Family Offices
- Life Insurance, Including Domestic and International PPVUL, An Increasingly common Trust Asset
- Foreign and Domestic Foundations- Uses, Integration, Application
- Case Study: Family Office Caliber Planning for Multi-National Families
- Dealing with Institutional Trustees
- OECD/FATF Updates and Impact on Trust Planning
- Swiss Trusts- Taxation
- Delaware Trusts – the latest
- Outsourcing Your Private Trust Companies- A New Kind of Trustee
Glossary
