Last week’s Taxation 101 (Where To Live Tax-Free) essay was well received but raised lots of questions from American readers, including many to do with what I’d say is maybe the most misunderstood U.S. tax on individuals—the “Exit Tax” Americans have to pay when they give up their U.S. citizenship. To clarify, this is not […]
The doctor I found was part of the health insurance plan that I had recently signed up for. He was listed as a primary care physician, but his specialty was cardiology. On my first visit for an annual checkup, the first thing the guy did was hook me up to some electrodes to check my […]
Starting this week and continuing through the New Year, good luck to you if you’re trying to get anything done in Panama. This week sees the first of a series of independence days in this country, four national holidays in total, plus at least one “bridge” day, when many companies, including at least one of […]
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?
A friend living in Thailand wrote this week to tell me about a rumor going around in Chiang Mai. Word on the street is that the IRS is checking up on banks in that city to confirm that they’re FATCA-compliant. At this point, banks worldwide aren’t required to be sending account information for every account […]
What would an ideally globally diversified financial life look like? I could imagine as many answers to that question as people asking it. However, I’d also identify key common denominators that should be part of any global diversification strategy. If you’re just getting started at this, here’s the most important thing to understand: This doesn’t […]
People write me every day to ask about the political stability of this or that country in South America, but they don’t seem to think twice about political risk in the “West.”
The real estate market in Turkey wasn’t hit as hard as others around the world in 2008 and 2009. Values in some districts of Istanbul dropped by maybe 25% at the height of the downturn (about the same as in Panama)…but in just a year-and-a-half prices had recovered. That rate of appreciation (10% to 15% […]
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 […]
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.
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