is a new kind of wealth planning emerging; one that is essential for anyone who holds assets or has family connections
in more than one country. In an increasingly globalized world, the cross-border
planning strategies of the global elite are becoming essential to a greater
number of families. Is your life based in more than one country? Do you have
business interests in multiple countries? Are you moving to the US either
temporarily or permanently? Alternatively, are you leaving the US to work
overseas? Or do you plan to retire abroad? Unsurprisingly, there are
special considerations – not to mention pitfalls – when money moves across
borders, so cross-border wealth planning takes into account everything from currency
fluctuations to tax rules, estate planning, and even to political instability.
As with all financial planning, a cross-border strategy is all about helping you keep as much of your money as possible. Even if you aren’t moving countries, you can benefit from this type of planning if you have financial interests outside of the U.S., if you have dual citizenship or if you or your spouse have foreign family members.
estate planning, money management, retirement planning, taxes