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What is the best way to set up a foreign trust fund?

On October 16, 2009 / By Estate Planning Help / In Estate-Plan

My wife and I are green card holders and plan to be US citizens in 2012. My son was born in Canada and lives here in the US. My friend wants to create a trust fund for him of $500,000. My friends wants to know if its best to create a Trust fund or bequeath from the estate.

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