Just when you thought there was nothing more the US government could do to motivate you to ship your financial life offshore, they came up with another one. And if you have a sizeable net worth, it’s a big one; you could save your family $2.2 million in taxes by acting on the opportunity during the next 21 months. A husband-and-wife effort could save twice as much.
At its core, International Man is designed to be a community of like-minded people who come together and converse on all topics related to the internationalization process. One member is Steve Abramowicz, a Seattle-based wealth advisor to high net worth individuals across the United States. He has also internationalized himself and his family to a great degree.
For many years, we have been predicting that the die has been cast for economic and political cataclysm for the US economy and, by extension, that of the first world. Not surprisingly, the reaction by most others over the years is that the sun is still shining and that only a "Chicken Little" would be predicting a major storm. During this period, most people have said, "We'll deal with it if it comes and not before."
If everything you own is held in your own name in your own country, then you are not merely exposed, you are vulnerable absolutely, to whatever decisions the government might make about how you should behave and who gets the wealth you've earned.
Macarena Rose has a motto in life: Just do it! So when she fell in love with Belize after teaching a 2-week course there, she decided to pack up her family (including five cats and five dogs) and move. Macarena shares a bit of her life with us, including her advice for anyone considering a move to the tropical country.
At 23 years of age, Marina Passalaris left the sunsets of Zululand, South Africa with her family for Australia’s Sunshine Coast. Marina talks to us about the difficulties she had in moving abroad, and about the business she’s now set up, Beautiful Minds.
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