The phrase "a foreign trust" is correct and usable in written English.
It can be used in legal, financial, or tax-related contexts to refer to a trust that is established in a country other than the one in which the person is residing or conducting business.
Example: "The tax implications of a foreign trust can be complex and require careful planning to ensure compliance with both domestic and international laws."
Alternatives: "an overseas trust" or "a non-domestic trust".
If structured through an offshore entity, like a foreign trust, the gains can remain out of reach of creditors or those who might sue you.
See § 1.1446-3(d)(1)(iv) and (vii) (relating to a foreign trust or estate that holds an interest in a publicly traded partnership) and § 1.1446-5 d) (relating to a publicly traded partnership that is part of a tiered partnership structure) for additional guidance.
If it's a foreign trust, the independent trustee may respond that the laws of his own country bar turning over the funds.
If you receive a gift from abroad or distribution from a foreign trust, you may need to file Form 3520, Annual Return to Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts.
Trying to hide money, whether in an offshore bank, foreign trust or in a number of other ways, is illegal.
Do you have any foreign trusts?
Some argue that even if Trump's non-acceptance of obligations under the agreement would be consistent with the Constitution, it would be a breach of an international obligation and weaken foreign trust in U.S. commitments.
Just this spring he agreed to turn over his golf course in return for a 60-day extension on an order that he repatriate foreign trust assets to the U.S.
In general, a foreign person is a nonresident alien individual, foreign corporation, foreign partnership, foreign trust, or foreign estate, but not a resident alien individual.
In general, a foreign person is a nonresident alien individual, foreign corporation, foreign partnership, foreign trust, or foreign estate, but not a qualified foreign pension fund (as defined in section 897(l)) or an entity all of the interests of which are held by a qualified foreign pension fund.
The term "foreign trust" means any trust other than a trust described in subparagraph (E) of paragraph (30).
