Global Wealth Management

What is an offshore trust? An offshore trust (sometimes called a foreign trust) is a trust that is established in a country other than the

What is a nonresident alien? A nonresident alien is a visitor who comes to the United States for a temporary, limited purpose. If you are

What are the requirements for maintaining resident alien status? Your green card is evidence that you are a permanent resident, but more may be needed

Residency has a price If you have resident alien status, you’re subject to federal income tax in the same manner as a U.S. citizen is–that’s

Introduction Living in the United States as a lawful permanent resident (resident alien) means that you will have to confront various citizenship status issues, such

Introduction If you’re wealthy and planning to apply for resident alien status, some experts would tell you to think twice about the estate and income

The HEART of the matter The Heroes Earnings Assistance and Relief Tax Act 0f 2008 (the HEART, or “Heroes” Act), enacted on June 17, 2008,

What is citizenship? Most people are born in one country and live their entire lives in that country, traveling occasionally around the globe. Some individuals,

What is the foreign tax credit? If you have worked outside of the United States, you may be able to take a credit on your

Introduction No matter where you live, if you’re a U.S. citizen, you’ll need to file a U.S. income tax return, whether you’re liable for U.S.

Here are some things to consider as you weigh potential tax moves between now and the end of the year. 1. Defer income to next

Introduction Estate planning is complicated. It becomes even more complex if you’re living abroad, particularly if you live in another country permanently but you retain

What is a qualified domestic trust (QDOT)? A qualified domestic trust (QDOT) allows a U.S. citizen spouse to transfer assets to a noncitizen spouse without

Moving your finances abroad might be a little bit trickier than you would assume. If you’re an American who is thinking of moving abroad soon,

It’s so crucial to get yourself into a financially stable position. If you’re an American expatriate, or if you’re planning on moving abroad soon, then

FATCA is the Foreign Account Tax Compliance Act, and it was passed as part of the HIRE Act. It requires foreign financial institutions and other

More and more Americans are deciding to move to other countries. For the most part, Americans who move abroad wind up being very happy living

Financial planning is very important no matter what situation you’re in. As an American expatriate, your financial planning decisions are going to have a big

Many people have been more curious about qualified domestic trusts as of late. QDOT is a type of trust that allows taxpayers who survive after