How to Move Your Defined-Benefit Plan Offshore

Today I’ll show you how to take your U.S. defined-benefit plan offshore in 5 steps. If you want to maximize asset protection and diversify your defined benefit plan offshore, this post is for you. Taking your plan offshore and placing it behind an added layer of security is the best asset protection available.

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FATCA: The Era of FATCA Compliance has Arrived

U.S. persons with offshore accounts have likely heard the news that The Foreign Account Tax Compliance Act or “FATCA” will take full effect on July 1, 2014. While reporting offshore accounts and certain assets to the IRS has always been required, FATCA is one of the most comprehensive and global pieces of legislation to prevent noncompliance by U.S. persons. FATCA was enacted in the Hiring Incentives to Restore Employment Act of 2010 and codified in sections 1471 through 1474 of the Internal Revenue Code. In January, 2013, the Treasury Department published accompanying final regulations. The purpose of FATCA is to help prevent and locate noncompliance by U.S. taxpayers who do not report their foreign financial accounts.

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Should I Get A Second Passport?

If you are in a position to have two passports and dual citizenship, you might be interested in learning more about the pros and cons of this opportunity. One of the major advantages is being able to live and work in more than one country. In addition, two passports increase your travel capabilities. Unfortunately, there are downsides as well. Dual citizenship may increase your tax burden, and it can also make you eligible for military service in more than one country. However, an international lawyer can help you navigate these pros and cons and help you make the best decisions for your future.

Why Asset Protection is Essential in the Current Political Climate

As much as we would like them to, assets don't just sit around and appreciate; they have to be maintained in order to grow. While this is common knowledge to most investors, the reality is there are many factors that can detract from the viability of your portfolio. Listed below are some of the dangers that you need to protect your property from.

Learn How an International Business Lawyer Can Be an Asset in Times of Financial Planning

Working with an international business lawyer may be the easiest way to protect your assets and investments, even if you're not currently trying to start a business in a foreign country. Many advantageous investment structures and financial products are much more accessible when enacted under the purveyance of a formal corporate entity, and experienced attorneys can facilitate the steps needed to get things started correctly.

Why Expatriating Appeals to So Many

Expatriation appeals to many U.S. entrepreneurs who tire of the restrictions and regulations they're forced to deal with in their home country. Politics plays a huge role in the way people do business, and it can stifle productivity in professional and personal settings alike. Here are some of the ways that expatriating helps these individuals benefit from legislation and services that are more conducive to their investment strategies.

International Trust Accounts for Asset Protection

International Trust accounts are ideal for high net-worth global entrepreneurs seeking to protect their assets while simultaneously addressing business objectives. Whether you are headquartered in the United States or abroad, you know that handling money can be tricky when it's used for investment in business enterprises overseas. In order to avoid unwarranted scrutiny from government organizations such as the SEC or IRS while maintaining your cash flow goals, you may need to use trust accounts to protect your finances from unnecessary fees and taxes.

How to Use the Five-Flag Strategy to Diversify Your Offshore Investments

Planting flags in different countries for a person's residency, citizenship, banking assets, asset protection and business can help the person diversify his or her portfolio. Some of the flags interrelate while others work independently. Living in a country, having citizenship in a different country, putting banking assets in the bank of another country, using a fourth country for protecting a person's assets and establishing a business in a fifth country can help create diversity. Nagel Law helps individuals with establishing these five flags.

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