W talks: families and family office
Welcome to our families and family office podcast series, produced the the Withers families and family office group. Whether it relates to trust and estate planning, family business and investment issues, charitable and family legacy, or the structure and governance of family offices, Withers Families and Family Office Group has experienced lawyers across the US and around the world with relevant corporate, tax, trust and other related experience to help listeners navigate through family transitions and find the answers they need. In this podcast series, Ivan Sacks, the Head of the family office practice, talks with experienced practitioners in our Group about key topics related to managing, protecting, and enhancing multi-generational family wealth.
W talks: families and family office
Moving trusts
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Withersworldwide
In this podcast, we look at moving a trust. Our host and head of the family office practice, Ivan Sacks, talks to Sandra Fung, about moving the situs of a trust from one jurisdiction to another. The movement of trusts may be influenced by life changes, such as the Trustees or beneficiaries moving to another state, or independent strategic considerations related to the advantages of different rules in different jurisdictions. Sandra provides guidance on what it means to "move" a trust, including the difference between a tax home and an administrative home, and how and why families move trusts around to achieve strategic advantages, including tax efficiencies.