Tax Hunt Pushes Global Rich to Offshore Trusts for U.S. Children

Debra Treyz said she may save one family millions in taxes on assets the Hong Kong-based parents are leaving to their U.S. children.

Treyz, managing director of global wealth advisory for JPMorgan Chase & Co.’s private bank in New York, is helping her clients maximize a transfer of $40 million by setting up an offshore trust that will convert to a U.S. vehicle once they die. That may ensure the money won’t be subject to U.S. estate taxes when their children in the U.S. die.