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.
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