More Electronic Gates

The Mobile lifestyle goal is easy in theory, not so easy to accomplish in practice.

There are formalized barriers to entry as protection and securitization of borders is enhanced. Vigilance in immigration enforcement has increased due to political volleys, cultural-shifting legislation, global competition for human capital, and threadbare Treasuries seeking full tax compliance.

Complex costly Family situations can develop now that could not have been conceived of in the past.

A family may appear to be a pure one-nationality centric group, domestically situated. The family picture is deceiving, however. As generations of the family have grown, migrated, and returned to home country (for instance, Bermuda) it is readily apparent that the entire family structure has changed significantly. The family now has international relatives, dual, triple citizenship(or more) members, multi-jurisdictional assets, and business interests that need complex legal, tax, immigration, and financial planning in order for the family to maintain and build the assets for the future.

Contemplated Moves: Anywhere But Here.

Citizens, for reasons as varied as being uncomfortable in a home country, finding their personal financial situation adversely affected by changes in environment, inflationary pressures, and sheer unaffordable lifestyle, will make a move to a receptive second or third country a desired goal.  

Crossing Borders, Changing Lives
explores changes in family living patterns with current overviews, detailed analysis on the challenges of the financial planning, immigration, legal and tax consequences that apply to foreign clients moving through the North Atlantic Quadrangle to the United States, Canada, and Europe and U.S./dual citizens clients retiring, working or moving abroad. Among these topics are:

*   Appropriate investment planning for cross border lifestyles including cash management, foreign currency, asset allocations, and tax efficient portfolio management.

*   The globally mobile executive and family managing a transitory lifestyle. Risk management, insurance perils, regulatory oversight in multiple jurisdictions.

*   Multi-jurisdictional business structures, related family goals and issues relative to differences in tax regimes, ownership and law as subject to various countries industrial, tax, and operating regimes.

*   Retirement issues: changes in lifestyles and cultures, qualified plans, foreign accounts and pensions, residency and citizenships, claim to various jurisdiction pensions, health care, longevity, quality of life.

*   Impact of local and foreign economies on goals, family values, and other related areas that are involved in crossing borders and resettlement.

*   Tax compliance among nations, OECD/other jurisdictions governmental agencies’ initiatives. Clash of laws and regulations conflicts within/without various jurisdictions.  

*   Multinational families, dual citizens, foreign nationals pre-immigration / inbound regulations, planning and structures.

*   Expatriation considerations/ outbound planning

*   Estate Planning: Family legacy issues, forced heirship rules, foreign and domestic wills, foreign trust reporting requirements, estate planning for more than one jurisdiction and more than one citizenship. The planning challenge in achieving economic and emotional parity between members of multi-national families in multiple jurisdictions.

*   Skirting the minefields. Commentary on common assumptions and traps in cross border planning.