Planning Your Legacy And Protecting Future Generations The idea of legacy planning isn’t new. Families from the Rothschilds to the Duponts and the Kennedys have done it for a long time, and some European families have created plans that have maintained family wealth for centuries. The idea that those of us with less substantial assets might [...]
The Foreign Bank Account Report (FBAR) The first and perhaps most straightforward step anyone could take toward internationalizing and diversifying their life would be to open a bank account in another country. In this case, your U.S. filing obligation comes down to the FBAR, which is officially FinCEN Form 114. This form must be filed electronically [...]
I’m on record as saying that banks suck. You’ll hear me say this at every Live And Invest Overseas conference. At any given time, some countries have better banking sectors than others—and some banks
My wife has suggested I write a book. The two of us are in residence at Los Islotes together for the next three months. Seems like an opportunity for that
My standing rules for banking overseas include having two bank accounts for each operating entity that has income. Most real estate holding companies that are used to hold property that doesn’t have income don’t need a bank account because there’s no money
If you want to open a bank account in the United States, you walk into a branch of a bank and simply state that objective. “Hello,” you say as you take a seat across from the helpful banker, “I’d like an account with you.” Or, easier yet, you fill out some forms online and save […]
Offshore diversification may be a new agenda for most Americans, but, for much of the rest of the world, it’s second nature. Traveling in Argentina a few weeks ago, I was reminded of this. Any Argentine with any extra cash has a bank account offshore. For him, this could mean an account in the United […]
Over the past several weeks, I’ve been working with our Live and Invest Overseas teams on the ground across the globe to create a road map for you for 2022. After one of the most uncertain and challenging years of
A banker friend from Austria who speaks at many of our live events likes to ask the following question as part of his presentation: “What happens to your bank account (in Austria… or anywhere else offshore) if you and your banker—and only you and your banker—know about its existence… and then you die?” If you’re […]
Offshore Living Letter is a publication of Live and Invest Overseas. Our goal is to provide timely, actionable information on all things offshore, including: how to go offshore, diversifying your portfolio, wealth creation, protecting your assets, and much more.