I do believe that exchanging into a trust or LLC will make a non-taxable event into a taxable event. That is why I will not be doing it. [how sure are you there will be no taxes on the exchanges?] Im about at a 95% sure there will be no taxes on this. [Per Paris Agreement 2015, Countries agreed on ‘NO taxes for Currency Exchanges’] I have heard this also…. [will we have some paperwork after an exchange about taxes?] Yes…I have heard we will get lots of paperwork when we exchange…bankers want this to happen very badly.