Own Assets Outside the U.S.? The Game Just Got Harder. I was speaking with a business owner recently who owns real estate in El Salvador. He’s not just thinking about ROI—he’s thinking about legacy. But once your wealth crosses borders, your strategy needs to evolve—fast. Here’s why: ✅ U.S. estate tax and income tax applies to worldwide assets and income for US Citizens. ✅ Many foreign countries don’t recognize U.S.-based trusts. ✅ Some foreign jurisdictions penalize trust structures with harsh income tax rules. ✅ U.S. trusts may not shield assets from foreign courts. ✅ Even within the U.S., state-by-state probate could be triggered if you’re not careful. And here’s the big one: ❗ Just because your money is abroad doesn’t mean the IRS can’t see it. They can. And they will. That’s why if you’ve got global assets, your legacy plan can’t be local. You need a multinational legal framework — trusts, entities, and strategies custom-built for both U.S. and i...