OFAC enforcement action highlights sanctions risk for trustees, corporate service providers and family offices.

Proposed regulations (REG-124850-08) issued Tuesday by the IRS provide guidance on information reporting of transactions with foreign trusts and the receipt of large foreign gifts. The rules are, in ...

Offshore trusts can be a smart and secure way of protecting your assets and safeguarding your wealth against potential creditors and legal claims. For many Americans over age 50, building and ...

FATCA in a Nutshell for Foreign Trusts, Trustees and Beneficiaries Lucy S. Lee and Irene A. Steiner of Akin Gump Strauss Hauer & Feld write: Administrators and beneficiaries of foreign trust ...