Good morning
I have a client. He is a US citizen but he currently lives in Russia. He has several financial assets remaining in the US. He wants to do estate planning - to leave all of his assets to his family (who are all based in Russia). He is personally not under any
sanctions.
However, under today's sanctions regime, I am really not sure that I can do any type of estate planning for him - and certainly not setting up a Trust. Also - not sure that anyone can even serve in the future as a Trustee of his Trust - given that the beneficiaries
are in Russia.
Does anyone have experience with this situation? Does anyone know a good sanctions attorney / specialist that I can consult? What are the alternatives for him? Would a foreign Trust work? I don't want to get into any trouble with the US government over a Revocable
Trust.
Katya Sverdlov, CFA, Esq.
Sverdlov Law PLLC
30 Wall Street, 8th Floor, New York, NY 10005
Phone: 212-709-8112
Email:
ksverdlov@sverdlovlaw.com
Website: www.sverdlovlaw.com
Blog: www.leavinglovinglegacy.com
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