I am a US citizen.
My Dad wants to put me as a beneficiary in his Trust which he will form overseas.
My Dad is a NON US (non Resident and non Citizen).
There will be no distributions as yet, and if any they will be much less than the 100,000 limit.
Are there any forms I need to file now, to inform IRS that I am a beneficiary or wait for distributions.
My Dad wants to put me as a beneficiary in his Trust which he will form overseas.
My Dad is a NON US (non Resident and non Citizen).
There will be no distributions as yet, and if any they will be much less than the 100,000 limit.
Are there any forms I need to file now, to inform IRS that I am a beneficiary or wait for distributions.