Before we discuss the differences between a foreign grantor trust and a foreign non grantor trust, it’s important to discuss the rather unique way US law handles trusts. 

Before we compare a professional trust company with a private trust company (PTC), we should discuss some basics about trusts. 

Foreign trust taxation is complicated due to how the US treats various types of foreign trusts. 

Ensuring compliance with your foreign trust reporting obligations, including Form 3520 and Form 3520-A, will help maximize the benefits it brings you and your family. 

The US has strict reporting requirements for US persons with foreign financial assets and activities. 

“Global tax” is a term commonly used to refer to someone’s total tax liability across multiple countries and jurisdictions.