An Israeli Resident Trust is a trust that doesn’t meet any of the other definitions of trust types, described in the previous posts. As such, it includes situations whereby: The settlor was Israeli resident when the trust was settled and remains so, and there is at least one Israeli resident beneficiary in the year in question. There are Israeli resident beneficiaries, but the settlor – who was not Israeli resident – has passed away. Such a trust is deemed to be Israeli resident for taxation purposes, and the trust income – as a whole – is fully taxable. The taxation options