Can Non-US Citizens be Beneficiaries of a Trust?

 In Non-US Citizens, Revocable Trusts

Question:

My sister in law, age 79, just lost her 90-year-old husband. They held everything jointly, so there’s no problem now. But they had no children and she is considering making a living trust to distribute her assets when she passes. Can she name her non US citizen nieces and nephews as beneficiaries?

Photo by Karl Fredrickson on Unsplash

Response:

Yes, there’s no problem with doing so. There can be some issues with having non-US citizen trustees of trusts and more often issues with non-US resident trustees, whether or not they’re citizens. Many investment houses, such as Fidelity, Merrill Lynch, etc., require that all trustees by United States residents. But that restriction does not apply to beneficiaries.

Related Articles:

Problems with Non-US Owners of US Investment Accounts

How Should I Leave Assets to a Beneficiary in Another Country?

 

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