As we have seen previously in this series, tax is levied in Israel in one way or another wherever there is at least one Israeli resident in the picture of a trust (with the potential exclusion of those within their 10-year exemption for new or returning residents). The next few posts will look at some of the potential tax traps that can occur as a result of this legislation. Whilst it may not be possible to get around these issues with trusts that are already in existence, for those trusts that are in the process of being settled and worded, it