Adding Additional Trusts
With most Trustees, it is simple to establish another Offshore
Trust in addition to the one you already have. You should
get a significant discount on the price, less than half
of what it cost you to set up the first Trust...The net cost should be no more than about
$800-1,500 per additional Trust.
You do not need any kind of "layering structure" or "hierarchy"
in your collection of Trusts, but if you have a Foreign Grantor
Trust for start, it makes sense to do it (see below).
You simply need one Trust per
heir, so there is no disputes possible about which assets go
where, when you die - because none of them go anywhere! They
all remain in their respective Trusts, and for each of them, you
have a confirmed letter on file with the Trustee to appoint the
subsequent client after you.
A possible alternative is to set a Foundation. That is a far simpler way of administrating multiple beneficiaries, but is also more costly in maintenance fees than 3-4 Trusts...
If your original Trust is established as a Foreign Grantor
Trust, you should establish all additional Trusts with your
original Trust as Settlor/Grantor and Beneficiary, so you
avoid those titles yourself. Your Trustee will most likely
charge the Trust a nominal fee for that, but it should be less than
establishing each individual Trust as a Foreign Grantor Trust.
Expect a yearly maintenance fee of $200-500 for each Trust.