I am a U.S. citizen trustee and executor of my mom's trust. My brother is a Canadian citizen and lives in Canada and not a trustee. I will be dividing the trust funds or investments between the two of us per my mom's will and her wishes.
What do I need to be aware of and what is the best way to get my brother his share of her estate, with the least cost to him under Canadian law and regulations?
Can I just transfer the investments to him and he can do as he wishes? Is that a good idea? Does he need to pay taxes on any of it? If I set it up so he gets a set monthly income is that better or worse for him?