write my assignment 3150

Write 1 page essay on the topic International Estate Planning Benchmark Assignment 3.

The discretionary beneficiaries of the trust are the settlor and his family (his U.S. spouse and three U.S. children). Trust trustee makes distributions during 2010 to the settlor’s U.S. children. Who is taxable on the income that is distributed?

5. A U.S. settlor creates a trust under the Nevis International Trust Ordinance and the beneficiaries are U.S. citizens. After the trust is funded by the U.S. settlor/grantor with cash, the trustee transfers the cash to a Nevis international business company (IBC) and receives the shares of stock in exchange. The Nevis IBC is classified for U.S. tax purposes as: (chose