I am a senior naturized American Citizen living in NYC and own one bedroom co-up in NYC and one two bedroom condo in Miami, FL. These two properties with the de-valued real estate market are less than $250,000 together. I am planning to do a estate planning to leave these properties to support my adult incapacited nephew who lives abroad, and when he passed away, then give them to some of my brothers, niece and nephews living overseas.
My younger brother living in NY, who is a naturized American Citizen, accept to be an executor and my niece, a U.S. resident the second excecutor. I am planning to be a self trusted while still alive so I can control the assets.

Do I need to have to pay two taxes, as two entities, one for myself and the other for the trust?

What will be tax impose after I pass away on the trust?
What will be the tax for the outside, non U.S. Resident beneficiaries?
Will be better off to instruct in the trust or living trust that after my incapacipated newphew pass away, the properties can be sale and distribute the cash among my foreigner beneficiaries?

I am single.

Thanks

LuisaT:

The complexity of your situation is such that I cannot give a simple answer, because I do not know all the details of your situation.

You REALLY need to sit down face-to-face with an competent estate planner in order to explore all aspects of your situation.