Bloomberg Tax
Aug. 18, 2023, 1:07 PM

How Brazilian Usufructs Can Be Used for Wealth Planning

Paul DePasquale
Paul DePasquale
Baker McKenzie
Flavia Gerola
Flavia Gerola
Trench Rossi Watanabe

The usufruct is an essential wealth-planning tool for Brazilians. The US tax implications of usufructs require special attention for Brazilian families with US connections. These families must integrate their Brazilian and US planning to take advantage of opportunities and mitigate risks. Without effective planning, the US tax rules may undo the benefits of the usufruct in Brazil. This article focuses on Brazilian and US tax implications of a Brazilian usufruct involving US persons.

The Usufruct Concept

The usufruct is a fundamental civil law concept in the domestic law of many civil law jurisdictions. It is a valuable wealth planning tool ...

Learn more about Bloomberg Tax or Log In to keep reading:

Learn About Bloomberg Tax

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools.