Category: Asset Protection
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No Fool on the Hill! – Recent Trends in the Private Placement Life Insurance Industry
Recent events within the private placement life insurance industry have created renewed interest within this specialized segment in the life insurance industry. The industry has seen some consolidation over the last several years and recent events including the entrance of large investment management firms has made the product relevant once again. I would argue that…
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Move your IRA to an Offshore Investment Account
Transfer your USA IRA to a Registered Foreign Account The purpose is to transfer assets of a USA qualified retirement plan to a non-U.S. investment account, recognized by the IRS and FATCA, without a change to current tax consequence (Ordinary IRA or Roth IRA). This delivers to a U.S. person: Tax-free transfer of his retirement…
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Regulatory driven offshore asset protection
All foreign investment capital needs to be looked at because of the expanded scope of the U.S. Treasury form FinCEN 114 (FBAR), the Foreign Account Tax Compliance Act (FATCA) and Intergovernmental Agreements (IGA). The rule that changed everything is the Foreign Account Tax Compliance Act (FATCA). Continuously there is the ever present report to the…
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IRC 402(b) Foreign Regulated, Registered and Recognized Retirement Plan
In response to the single most common question we’re asked at Invest Offshore: I would like to take funds out of the country, going through the regular channels and obtaining tax clearance, to invest with an offshore bank or banks via platforms for investing in overseas markets. What options do I have as an investor…
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Offshore Companies and FATCA
Structuring Business Ownership of Offshore Companies with FATCA and GATCA Compliance There is a misunderstanding as to what type of businesses the U.S. provides tax deferral overseas. Is it a trading company or a company dealing in capital overseas? The fact is that the U.S. provides tax deferral on overseas trading businesses but not on…
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Offshore Investment Account and Asset Protection
An IRA with a foreign investment account can add stronger protection. This foreign investment account, (we recommend Luxembourg), is not accessible to anyone who wins a lawsuit against you (or for any other creditor). So what would a court do if it determines that the value of your IRA exceeds your retirement needs and therefore…
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How to Comply with FATCA
Any financial institution, regardless of its global location, that does not voluntarily comply with FATCA will find that 30% of any US-sourced payments (e.g. a corporate dividend or a maturing principal payment from a US corporate or government bond) will be withheld. Because U.S. stocks and bonds are so widely owned across the globe, virtually…
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UK Gold Investment on Increase, Caution Urged to Potential Private Investors
The Egyptians wanted to be buried in gold while others believed that King Midas could turn anything he touched into gold. These days, however, gold simply has connotations of wealth due to the precious metal’s rareness, and this is nowhere more apparent than in the UK. As a result, many potential…