THE PITFALLS OF U.S./UK TAX PLANNING-- The U.S. Revocable Trust.

The article discusses pitfalls in the tax planning laws of the U.S. and Great Britain while mentioning the creation of the U.S. revocable living trust (RLT). Topics discussed include relevance of domicile under the common law in Great Britain's law, how treatment of RLTs is different for the U.S. law purposes and for Great Britain law, and examples of the implications of RLTs for the U.S. nationals.