The French Senate adopted a bill aimed at combating tax and social security fraud on 11 May 2026.
Among other measures, the bill would introduce additional obligations for trustees following the death of a settlor. Trustees are already responsible for paying inheritance taxes due in connection with trust assets, but the proposed legislation would add a specific reporting obligation. Trustees would be required to submit a detailed valuation form identifying the beneficiaries and providing all information needed by the tax authorities to determine the taxable base and calculate the inheritance tax due.
The bill also sets out the penalties that would apply where a trustee fails to comply with these reporting requirements.
12 June 2026
By Pascal Julien Saint-Amand and Jihane Yuksek, Althémis Paris (France)
