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 2021. After one of the most uncertain and challenging years of
At my Offshore Wealth Virtual Summit last week, one attendee proudly commented that he was well into his flag-planting and had already taken several key steps toward internationalizing his life. He had a bank account in Panama… had made real estate investments in Panama… had actually moved to Panama… and was on his way to […]
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 […]
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. That is, you say you want to open an account. Or, even easier, you do it online and save yourself the trip to the bank. As long as you have […]
The World Has Gone Completely Sideways—Here's What You Need To Do Now With all the doom and gloom coming from the media, you might be feeling intimidated or even overwhelmed. For sure, we all have good reasons right now to be confused about which way to turn from here. What do you do when the [...]
I Hate It When My Wife Asks Me These Questions My wife has suggested I write a book. The two of us are hunkered down in Panama together for the next three months. Seems like an opportunity for that kind of project. "Begin," my editor wife counseled, "by reviewing the big-picture benefits of organizing your [...]
The Best Place To Hold An Offshore Bank Account The question I am asked maybe more than any other by readers and conference attendees is: Where is the best place in the world to open an offshore bank account? As with any question related to your personal life, the answer is: It depends. It depends [...]
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 [...]
The Pragmatist's Guide To Living With FATCA Banks around the world are taking action. They’re trying to become FATCA-compliant. Bottom line, they don’t really have a choice in the matter. And neither do we account-holders. As I mentioned a couple of weeks ago, one of my banks sent me the dreaded eviction letter, telling me, [...]
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.
