fuckthisshitttt

How legitimate are these elections?

Hey, thanks for the AMA - I can appreciate the area of your expertise. To make things easier for you, I am familiar with trusts in Australia (and the United Kingdom) but not in the USA. Do you know if they are essentially the same?

My question: hypothetically speaking (but it may be a reality), if I were to move to the United States from Australia with a portfolio of assets here, what would be the best method to receive that income? By moving them in to a newly established US trust? Or would I be better off keeping my existing discretionary trust and distribute the income in Australia for taxation purposes (and receive it as foreign income, although I presume this would mean I get taxed twice..?)? The assets are significant enough to ignore establishment costs etc.

I will be seeking professional advice on this at a latter date if things materialise but I am just curious as to your opinion, that is if you know about international assets.

Thanks again.