
It is easy to get a trust established under the law of a US state to be classified as a foreign trust for US federal income tax purposes. It can be just as easy for a foreign trust classification to happen by accident. While there are ways to cure this accident without US tax consequences, it is increasingly common for a client's facts to present a recipe for this situation to occur as the world gets smaller. Consider a green card holder, a resident of the United States, who wants to