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A home in the US

Lee, a retired company chairman and resident of Singapore, wants to spend more time visiting his daughter and her family, who recently moved to Marin County, California.

Based on his wishes, Lee’s Singapore banker works with a colleague in San Francisco to establish US accounts for him and his wife.

His new San Francisco banker connects Lee with a local real-estate colleague, who assists in the sourcing and financing of a Marin County home.

After discussions with our wealth planners and his other advisors, he sets up a new tax-efficient company structure to hold his new home within his existing offshore trust.

Lee also sets up a US Dynasty Trust for his California-resident daughter to create tax efficiencies and simplify the US tax treatment for his daughter’s inheritance.

 

All persons mentioned on this page are fictional and were created for illustrative purposes only. Any resemblance to real persons is a coincidence and unintended.This scenario is hypothetical and for illustrative purposes only. It does not take into account the investment objectives, risk profile or financial situation of any particular person and as such, strategies may not be suitable for all investors. Nothing on this page is intended to be an offer to purchase or sell, or a solicitation of an offer to purchase or sell, any security.No inference should be drawn that any investment product or strategy referred to was actually implemented on behalf of a client, or if it was, that it was successful.

Investments in securities involve risks and may lose value. Investment products are not deposits or other obligations of, or guaranteed by, Citibank, its affiliates or any other depository institution. Investment products are not insured or guaranteed by the U.S. Government, the Federal Deposit Insurance Corporation or any other government agency and may lose value.
 

The information contained is not intended to be an exhaustive discussion of the strategies or concepts mentioned herein or tax or legal advice.You should obtain advice based on your own individual circumstances from your tax, financial, legal and other advisors about the risks and merits of any strategy before making an investment decision, and only make such decisions on the basis of your own objectives, experience, risk profile and resources.