Foreign Trusts Pose Headaches for US Transferors and Beneficiaries Although foreign trusts can provide greater asset protection, they can also create tax problems for US residents, citizens, and entities including corporations and partnerships, according to Jimmy Sexton, Esquire Group's Jimmy Sexton. US clients have been using foreign trusts and foundations as a means of protecting their assets for years. With good reason: foreign asset protection trusts can often offer greater asset protection than domestic asset trusts. Many foreign asset protection trust jurisdictions have firewall provisions that do not recognize foreign judgments and are therefore out of the US court's jurisdiction.…