A trendy spot, beach or otherwise, can become trendy just because people begin to perceive it that way. Maybe a celebrity buys in a small town or a movie is filmed nearby or a reality show is shot on location…triggering the marketplace to believe there’s something cool or interesting about a place they’d previously never […]
We got right to the point: Diversification. It’s the surprisingly simple answer to the sometimes seemingly impossible-to-process question: How do we survive the current age…and the even more troubling one that may be coming?
Most people do little or no estate planning. One story an attorney-friend likes to tell to illustrate the potential extreme consequence of this non-approach is about Elvis Presley. When Elvis died in 1977, his estate was worth US$30 million. Elvis died without an estate plan. He’d simply made a will, in which he left his […]
The super-rich have a growing number of options for obtaining second passports through economic citizenship. These programs are most attractive to the wealthy from countries whose passports don’t allow for much visa-free travel—Russia, China, and the countries of the Middle East, for example. Spending anywhere from US$100,000 to more than US$2 million depending on the […]
A friend told me this week that his parents are looking to move overseas for their retirement to save taxes. He recognizes but hasn’t been able to help them understand that that isn’t a realistic objective given their circumstances. My friend’s parents are retired government workers receiving government pensions. Pension income is not eligible for […]
A friend I caught up with last week in Medellin, an American, told me with a grin that he’d already completed and filed his FBAR for this year. He was pleased with himself for getting it in early…until I reminded him that, starting this year, the FBAR must be filed electronically. My friend had filled […]
I usually ignore foreign exchange rates. You can’t predict them and trying to time them when making a real estate investment is a crap shoot. If you wait too long for an exchange rate to get where you want it to be before sending your money for a real estate purchase, the opportunity can disappear. […]
A reporter from the mainstream press contacted me recently asking if I could introduce him to an American who has given up his (or her) citizenship. The reporter is doing a story on the growing number Americans expatriating and wanted a firsthand story to tell. Unfortunately, none of the people I know who have expatriated […]
“I don’t care why you’re here this week looking at Panama,” David Stubbs told the room full of Live and Invest in Panama Conference attendees this morning. “Whatever your interests in Panama, the economics of the country are important to you. Even if you’re just here for a vacation, this is stuff you should be […]
A reader wrote in over the weekend to enlighten me on the costs of LLCs. Specifically, he wanted to let me know that setting up an LLC in New Mexico is much cheaper than the range of costs I referenced for setting up LLCs in the offshore jurisdictions I wrote about recently. I’m afraid this […]
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.