{"id":2799,"date":"2023-11-22T11:12:11","date_gmt":"2023-11-22T11:12:11","guid":{"rendered":"https:\/\/lavellelawgroup.com\/estate-planning\/?p=2799"},"modified":"2024-02-23T14:07:54","modified_gmt":"2024-02-23T14:07:54","slug":"understanding-trusts-domestic-vs-foreign-what-you-need-to-know","status":"publish","type":"post","link":"https:\/\/cherylleahylaw.com\/estate-planning\/understanding-trusts-domestic-vs-foreign-what-you-need-to-know\/","title":{"rendered":"Understanding Trusts: Domestic vs. Foreign\u2014What You Need to Know"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2799\" class=\"elementor elementor-2799\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-46c06b19 e-con-full e-flex e-con e-parent\" data-id=\"46c06b19\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;full&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ccb3bd3 elementor-widget elementor-widget-heading\" data-id=\"ccb3bd3\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.16.0 - 17-10-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Demystifying Trusts and Their Tax Implications<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fd96e5e elementor-widget elementor-widget-heading\" data-id=\"fd96e5e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Here\u2019s something most people don\u2019t think about everyday! Have you ever wondered about the ins and outs of trusts and how they can impact your taxes? Well, let's break it down in a friendly and straightforward way.<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9a2d158 elementor-widget elementor-widget-heading\" data-id=\"9a2d158\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The US Tax Connection<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0ef94f5 elementor-widget elementor-widget-heading\" data-id=\"0ef94f5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">First off, did you know that the United States is one of the few countries worldwide that taxes its citizens' global income? It's true! Only Eritrea, a country in East Africa, shares this distinction. Eritrea, however, levies a much lower tax rate (two percent) on its overseas citizens compared to the hefty 37 percent top rate for US income tax.<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ff6b896 elementor-widget elementor-widget-heading\" data-id=\"ff6b896\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Now, here's where trusts come into play. Trusts don't have citizenship like humans, but if a trust is classified as a domestic trust for US income tax purposes, it's subjected to US income tax on\u00a0its worldwide income. This applies even if the trust earns income from sources outside the US or if the trust's creator (the Settlor) and beneficiaries reside abroad. So, what determines whether a trust is domestic or foreign?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d09f2a0 elementor-widget elementor-widget-heading\" data-id=\"d09f2a0\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The US Tax Connection<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0863160 elementor-widget elementor-widget-heading\" data-id=\"0863160\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">To be considered a domestic trust, a trust must pass two tests. Fail one, and it becomes a foreign trust. Let's dive into these tests:<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-01930ec elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"01930ec\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<link rel=\"stylesheet\" href=\"https:\/\/cherylleahylaw.com\/estate-planning\/wp-content\/plugins\/elementor\/assets\/css\/widget-icon-list.min.css\">\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">1. The Court Test: This one involves whether a US court can have primary control over the trust. Typically, it's satisfied when the trust agreement specifies that US state law governs its administration and doesn't include an \"automatic migration\" provision. This provision would cause the trust to relocate outside the US if a US court tried to assert jurisdiction. In most cases, trusts drafted within the US meet the Court Test.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">2. The Control Test: Here's where things can get tricky. A trust passes the Control Test if US individuals have the authority to control all significant decisions of the trust. Even a single substantial decision under the control of a foreign person can cause the trust to fail this test.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3c721f9 elementor-widget elementor-widget-heading\" data-id=\"3c721f9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Imagine David setting up a trust for his son Sherwin and appointing his non-US citizen friend, Frank, as the Trustee. This trust would fail the Control Test. However, if the trust had two other US citizen or resident Trustees and decisions required a majority vote, Frank could serve as a co-Trustee without triggering the Control Test failure. But if decisions needed unanimous agreement, the trust would fail.<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bc7cbd9 elementor-widget elementor-widget-heading\" data-id=\"bc7cbd9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Even if a trust has only US citizen or resident Trustees, it can still fail the Control Test if someone else not meeting those criteria controls a substantial decision of the trust.<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4934595 elementor-widget elementor-widget-image\" data-id=\"4934595\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.16.0 - 17-10-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"751\" height=\"502\" src=\"https:\/\/cherylleahylaw.com\/estate-planning\/wp-content\/uploads\/2023\/11\/Screenshot-2023-11-22-at-6.57.48\u202fPM-1024x685.png\" class=\"attachment-large size-large wp-image-2800\" alt=\"\" srcset=\"https:\/\/cherylleahylaw.com\/estate-planning\/wp-content\/uploads\/2023\/11\/Screenshot-2023-11-22-at-6.57.48\u202fPM-1024x685.png 1024w, https:\/\/cherylleahylaw.com\/estate-planning\/wp-content\/uploads\/2023\/11\/Screenshot-2023-11-22-at-6.57.48\u202fPM-300x201.png 300w, https:\/\/cherylleahylaw.com\/estate-planning\/wp-content\/uploads\/2023\/11\/Screenshot-2023-11-22-at-6.57.48\u202fPM-768x514.png 768w, https:\/\/cherylleahylaw.com\/estate-planning\/wp-content\/uploads\/2023\/11\/Screenshot-2023-11-22-at-6.57.48\u202fPM.png 1184w\" sizes=\"auto, (max-width: 751px) 100vw, 751px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-66a9eda elementor-widget elementor-widget-heading\" data-id=\"66a9eda\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Tax Implications of Trust Status<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ece1688 elementor-widget elementor-widget-heading\" data-id=\"ece1688\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Now, what happens if a trust is labeled as foreign? The good news is that foreign trusts, like non-resident individuals, are only taxed on their US-source income. Income from outside the US isn\u2019t subject to US income tax. Conversely, domestic trusts, similar to US citizens or residents, must pay tax on their global income.<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-17a2218 elementor-widget elementor-widget-heading\" data-id=\"17a2218\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">But here\u2019s the catch: US tax law makes it exceedingly tough for a US person to create a foreign trust benefiting other US individuals. If a US person funds a foreign trust for the benefit of another US person, they\u2019re considered the trust\u2019s owner while they\u2019re alive. This means the trust isn\u2019t treated as a separate tax-paying entity, and the US person must report all income and deductions regarding the trust on their personal tax returns.<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d7a82b8 elementor-widget elementor-widget-heading\" data-id=\"d7a82b8\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">After the US person\u2019s death, the trust becomes a separate taxpayer. However, any distributions to US beneficiaries may incur a punitive tax and interest charge, known as the \u201cthrowback tax,\u201d if the trust retained income from a prior year.<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-33d9fc8 elementor-widget elementor-widget-heading\" data-id=\"33d9fc8\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Asset Protection Considerations<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-de008fc elementor-widget elementor-widget-heading\" data-id=\"de008fc\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Despite these complexities, some US individuals look into offshore trusts for asset protection. While discussing this topic is beyond the scope of this article, it\u2019s worth noting that asset protection trusts are possible in certain US states like Connecticut, Delaware, South Dakota, Nevada, and Alaska.<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9074886 elementor-widget elementor-widget-heading\" data-id=\"9074886\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">In conclusion, while the idea of creating a foreign trust to avoid US income tax might sound appealing, it\u2019s often too good to be true. In most cases, ensuring a trust meets the Court Test and Control Test, and thus qualifies as a domestic trust, is the way to go to navigate the intricate world of trust taxation.<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c0e2d0c elementor-widget elementor-widget-heading\" data-id=\"c0e2d0c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">We hope this helps give you some perspective and information and look forward to talking with you. If you\u2019re interested in creating an estate plan to protect your family and loved ones, and keep them out of court and conflict, we would love to speak with you. Reclaim Your Legacy!<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fa30903 elementor-widget elementor-widget-heading\" data-id=\"fa30903\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Book your free 15 minute discovery call <a style=\"color:blue\" href=\"https:\/\/link.legalfunnel.com\/widget\/bookings\/schedule15min\">here.<\/a>\n<br><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-052e05d elementor-widget elementor-widget-heading\" data-id=\"052e05d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">In Your Service, <br><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-15a959e elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"15a959e\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/lavellelawgroup.com\/estate-planning\/wp-content\/uploads\/2023\/11\/Screenshot-2023-11-21-at-3.18.37\u202fPM.png\" title=\"\" alt=\"\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0b3f962 elementor-widget elementor-widget-image\" data-id=\"0b3f962\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/link.legalfunnel.com\/widget\/bookings\/schedule15min\">\n\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/lavellelawgroup.com\/estate-planning\/wp-content\/uploads\/2023\/11\/New-QR-Code-and-Get-Started-1.png\" title=\"\" alt=\"\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-93dd3c2 elementor-widget elementor-widget-heading\" data-id=\"93dd3c2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">PS - In my mind, the real purpose of a properly executed Estate Plan is to take care of the people you love, protect your family for the future, maximize the assets you pass on to the people you love and cherish, and keep your family out of Court and Out of Conflict.\u202f This is a very important and noble part of LIVING!\u202f Lavelle Law Group, APC would be honored to help educate you and assist you and your family with this important part of life.<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9e11108 elementor-widget elementor-widget-text-editor\" data-id=\"9e11108\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.16.0 - 17-10-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><span style=\"color: #003300;\">Let\u2019s talk &#8211;<\/span><\/p><p><span style=\"color: #003300;\">Joseph Lavelle (Lavelle Law Group)<\/span><\/p><p><span style=\"color: #003300;\">1350 Columbia Street, Suite 500<\/span><\/p><p><span style=\"color: #003300;\">San Diego, CA 92101<\/span><\/p><p><span style=\"color: #003300;\">(619) 515-1498<\/span><\/p><p><span style=\"color: #003300;\">joe@lavellelawgroup.com<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-05227a8 e-flex e-con-boxed e-con e-child\" data-id=\"05227a8\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-90b7380 e-con-full e-flex e-con e-child\" data-id=\"90b7380\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;full&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-257a4f6 elementor-widget elementor-widget-image\" data-id=\"257a4f6\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/lavellelawgroup.com\/estate-planning\/wp-content\/uploads\/2023\/11\/image-38-hair-grey.jpg\" title=\"\" alt=\"\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-16144b4 e-con-full e-flex e-con e-child\" data-id=\"16144b4\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;full&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3073900 elementor-widget elementor-widget-heading\" data-id=\"3073900\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">After practicing in the San Diego area for over 30 years, Joe founded Lavelle Law Group<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7b0fceb elementor-widget elementor-widget-heading\" data-id=\"7b0fceb\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u2b50\u2b50\u2b50\u2b50\u2b50<br>\n50+ 5-Star Google Reviews<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-07484e9 elementor-align-left elementor-invisible elementor-widget elementor-widget-button\" data-id=\"07484e9\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/link.legalfunnel.com\/widget\/bookings\/schedule15min\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Free 15-Minute Discovery Call<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Demystifying Trusts and Their Tax Implications Here\u2019s something most people don\u2019t think about everyday! Have you ever wondered about the ins and outs of trusts and how they can impact your taxes? Well, let&#8217;s break it down in a friendly and straightforward way. The US Tax Connection First off, did you know that the United&#8230;<\/p>\n","protected":false},"author":1,"featured_media":2806,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[20],"tags":[],"class_list":["post-2799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","single-item"],"_links":{"self":[{"href":"https:\/\/cherylleahylaw.com\/estate-planning\/wp-json\/wp\/v2\/posts\/2799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cherylleahylaw.com\/estate-planning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cherylleahylaw.com\/estate-planning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cherylleahylaw.com\/estate-planning\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cherylleahylaw.com\/estate-planning\/wp-json\/wp\/v2\/comments?post=2799"}],"version-history":[{"count":26,"href":"https:\/\/cherylleahylaw.com\/estate-planning\/wp-json\/wp\/v2\/posts\/2799\/revisions"}],"predecessor-version":[{"id":3066,"href":"https:\/\/cherylleahylaw.com\/estate-planning\/wp-json\/wp\/v2\/posts\/2799\/revisions\/3066"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cherylleahylaw.com\/estate-planning\/wp-json\/wp\/v2\/media\/2806"}],"wp:attachment":[{"href":"https:\/\/cherylleahylaw.com\/estate-planning\/wp-json\/wp\/v2\/media?parent=2799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cherylleahylaw.com\/estate-planning\/wp-json\/wp\/v2\/categories?post=2799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cherylleahylaw.com\/estate-planning\/wp-json\/wp\/v2\/tags?post=2799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}