Many Americans find the allure of a second “home” overseas powerful, whether that’s a sun-splashed vineyard retreat or a compact pied à terre in a global city for frequent cultural, sports or business trips. Popular media often amplifies the romance while downplaying the practicalities. Trusted advisors can bring balance, preserving the vision while surfacing the logistical, legal, tax and financial realities that determine whether the dream will work in practice. Let’s explore key considerations for clients who want a place of their own abroad. To help you guide clients through the process, I’ve included an “Advisors’ Checklist,” p. 25.
Expatriation vs. Living Abroad
Before diving into tax and legal issues, it’s important to make sure t…
