How To Take Advantage Of The FEIE You know my advice in tax season is to "beat the IRS" at its own game by complying with every technicality of our complex tax code... including (especially) those "loopholes" and technicalities that work to your advantage... One of the most powerful rules in the U.S. tax code [...]
Understanding The Flag Theory and 5 Flags Approach In the face of the kinds of market, economic, and political uncertainties the world is currently presenting, the key to protecting yourself, your family, and your assets is diversification, and the only way to truly diversify yourself is through planting flags. There are five basic things we [...]
The World’s Top 10 Tax Havens Today To the growing chagrin of the U.S. IRS, it is still possible for an American to take his life, his assets, his business, and his investments offshore and thereby reduce or even eliminate his U.S. tax bill completely and to do it all legally. The places where this [...]
What Is The Best Way To Structure Assets? So often people write us to discuss trusts, corporations, family limited partnerships, and/or other structures designed to protect his or her wealth. Structures are very important, but structures alone cannot do the job in a one-size-fits-all approach to asset protection. While an international trust may be just [...]
How To Stay Compliant In A World Of Increasing Regulation In today’s age of heavy handed regulation and seemingly endless paperwork to file, staying compliant is harder than it has ever been. The question you must answer is, an American living, investing, or doing business outside the United States, what is your U.S. tax obligation? The [...]
Why You Should Obtain A Second Passport Holding a second passport can be a very useful, convenient thing for the global citizen. It can alleviate potential safety issues for an American passport-holder. It can also mean greater ease of travel, a ready option for alternative residency, and the right to work in the country where [...]
How Trusts Can Help You Protect Your Assets Trusts are integrated frequently in international asset protection and estate planning for a variety of reasons. The main reason is that, once you have transferred an asset to a trust, it is simply no longer yours. If it is no longer yours, then future creditors, plaintiffs, even [...]
Why Start An Offshore Company? Companies can be created anywhere and can generally do business anywhere, so why would someone want to create a company outside the United States? Well, lots of reasons. In some countries, only a domestic company can own property or engage in certain types of business. In other countries, you can [...]
How And Where To Open An Offshore Bank Account The best first step you can take to internationalizing your life (one that we strongly recommend you make a plan to take as soon as possible, if you haven’t done so already) is to open an offshore bank account. It’s a simple, straightforward recommendation. However, if [...]
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 [...]
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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