Expat Q&A: 56 Questions You Need to Answer BEFORE You Move Abroad

Many Americans are financially active on an international basis, often preparing to live or work abroad at some point in their career or retirement.  We receive questions everyday from American expats who failed to ask themselves important questions about their plans and now have problems that need to be solved.  We have listed these important questions for you to consider:

Expatriating Your Assets

• Should you expatriate all or some of your assets?
• In which currencies will you need cash assets?
• Which foreign banks in your targeted areas are reputable?
• What are some of the cheaper ways to exchange currency?
• Should you attain an offshore credit card?
• Why should you keep U.S.-based credit cards?
• What disclosures will you be required to file?

Asset Protection Is an On-Going Process

• Do you have a CURRENT working financial plan?
• Do you fully understand your current situation?
• Do you know what it will take to reach your financial goals?
• Are you working your plan or reacting out of fear?
• Are your assets correctly positioned for your overall plan?
• How will your assets be handled in the event of a lawsuit?
• How will your assets be handled in the event of a death?
• Are you hiding assets from the IRS?
• Are you clear on the difference between tax avoidance and tax evasion?