Tax and Wills and Estates lawyer Matthew Getzler's article "How to keep your U.S. beach house from becoming quite so taxing" was published in Canadian Family Offices. The article discusses discretionary trusts and how they help shield your vacation property from U.S. estate taxes. Given the magnitude of U.S. estate taxes, it’s no wonder that many Canadians have been seeking alternative ways to hold U.S. real estate to avoid estate taxes on death.

How to keep your U.S. beach house from becoming quite so taxing

Holding your vacation property in a discretionary trust can help shield it from eye-popping U.S. estate taxes

By: Matthew Getzler - Tax and Estate Planning Lawyer

Are you considering purchasing property in the United States? If so, you need to examine your exposure to U.S. estate taxes and consider ways to avoid or limit them. Upon an individual’s death, an estate tax is imposed in the U.S. on both its citizens (based on their worldwide estates) and non-citizens (to the extent that they hold certain U.S.-situs assets, including real estate). To read more visit: https://bit.ly/3CO9Tsr