by DDNW Service team | Dec 19, 2022
As a reminder, BIC cannot give legal or financial advice, so all of these answers are only our seasoned collection of information from experience – – not advice as to what any one client should do. We can simply say that worldwide, the NLT is...
by DDNW Service team | Dec 19, 2022
One solution is to go ahead and register it, as long as registration does not obligate the trust to file income tax returns. Unless the real estate is income property, it might not have reportable income anyway. Our trust writer can guide you in what pages can be...
by DDNW Service team | Dec 19, 2022
No. Unless one has obtained the allodial title and land patent, property tax follows the property, regardless of what entity owns it, in every country. Regarding income tax, when the NLT is operated as a pass-through entity, it becomes an exception to income tax, and...
by DDNW Service team | Oct 24, 2022
Yes. Although this is rare, there is really no limit to how many beneficiaries a trust may have. The creator appointing said beneficiaries would simply have to acknowledge that the greater the number of beneficiaries, the smaller will be the percentage of the trust...
by DDNW Service team | Oct 24, 2022
No. The protector cannot have another role in the trust because if he did, it could become a conflict of interest. The protector has to be someone entirely unrelated to the trustees and who is impartial to the trust affairs.
