Skip to Content

We are a Veteran Owned Business, providing 20% discounts for Veterans, First Responders, Elementary and High School teachers. Please contact us to set up a phone or Zoom meeting. Taking care of you and your family, It's What We Do!

How does an Anchor Baby support himself in the United States?

Posted on Fri Oct 16, 2015, on Estate Planning

From our “Ask a Question” Mailbag: Anchor Baby Estate Planning

Most Recently Updated July 21, 2018.

“The term “Anchor Baby” is in the news, referring to parents coming to the USA to have a baby that automatically qualifies for citizenship simply by being born on American soil. Given that this is completely legal, and given that these parents obviously care about their child’s future and don’t want the child to be left in the USA without support, how can these parents plan ahead for the child’s care?”

Anchor Baby Estate Planning

Anchor Baby Estate Planning

Any person on earth is able to form a protective trust in the United States for their child. The trust has to have a connection to the United States, so it will require a trustee located in the United States. This can be a professional trustee or an individual. This trust can be designed with many different terms, but for this example, it could be a trust for the care of a child with broad investment powers but narrow enough to shelter the funds from the child’s spouse and creditors.

This way, a non-US citizen could transfer money into the trust either in one payment or as many gifts over many years, which is invested at an institution in the USA. This trust would also provide shelter for the funds from the parent’s creditors and/or government. This way, if the child moves back to the United States upon reaching adulthood, there will be a pool of funds safely sheltered to use for tuition, housing, and other life expenses.

Potential Complications

There are potential complications transferring funds into the trust, depending on the country where the parents live, but an “Anchor Baby Trust,” when properly funded, can be a great tool to make sure that the US citizen child will always have adequate money.

More Planning Questions?

The anchor baby trust is only a piece of the Estate Planning process. By all means, if you want to learn more, please read my more detailed article, Estate Planning Everything You Need to Know.

In Conclusion: Anchor Baby Estate Planning

I hope that this article was helpful in explaining an anchor baby trust. Further, I included links to even more detailed information on my website so you can learn more. Therefore, please contact me and let me know how I did. Certainly, your comments and questions are welcome!

Let our Estate Planning lawyers help walk you through what can be a confusing process. To begin with, call to speak to one of our experienced estate planning lawyers.  By all means, our lawyers are ready to answer your questions. In fact, feel free to contact our office for a free consultation. Ultimately our goal is to make the process as painless as possible!

Wills, Trusts, Probate, and Estate Litigation, It’s All We Do!

 

Tags:

Bucks County, Estate Planning, Estate Planning Attorney, Estate Planning Lawyer, Pennsylvania, Trusts

Peter KlenkPeter Klenk

What Our clients are saying

Klenk Law Logo
Stars

Anne W.

I saw four lawyers and was told by all of them; I should just forget contesting my mother's will. I knew what happened, but it is very hard to prove undue influence. I contacted the Law Offices of Peter L. Klenk & Associates. Attorney Amanda DiChello took my case. They were very honest and upfront about what would be involved trying to prove what I knew was true. Attorney DiChello may be young but she is extremely knowledgeable and skilled. She listened and understood what I conveyed to her. She knew exactly what information to use and crafted an outstanding interrogatory and many powerful depositions. Attorney DiChello understood the various emotional feelings this case created for my family and me; she was always there for us with a kind and encouraging word. We went to trial. The amount of work which she and her Paralegal did for the trial was incredible. They both knew my case inside and out! Attorney DiChello's powerful interrogative and thinking skills produced a positive outcome. Attorney DiChello did what other seasoned lawyers said was impossible!

Klenk Law Logo
Stars

Andrea Wilson

Peter is excellent. I had a very complicated situation with my parents' estate planning and potential Medicaid needs. Peter was very knowledgeable in estate planning matters, able to define the best solution for the situation. Additionally, he was congenial and able to communicate effectively to my senior citizen parents the benefits of estate planning. He earned my trust, and more importantly, my parents' trust in a 45 mins consultation period. Highly recommend Peter. He is very easy to work with.

Klenk Law Logo
Stars

Gene Link

Knowledgeable lawyers, helpful attitude, fair fees.

Klenk Law Logo
Stars

Sharon A.

We recently used Peter's firm to update our wills and trusts. We found he and his staff to be well-informed, professional and highly efficient. And equally valuable, Peter explains the law in terms that a layperson can readily understand.

Klenk Law Logo
Stars

Joe Peters

Always professional and very responsive. Everyone on the staff that I have worked with. I look forward to continuing our relationship.

Let us put our expertise to work for you.

Free consultation within 24 hours.