Financial Planning for Expatriates
As a U.S. citizen who lives abroad, you enjoy the richness of two cultures. While there are great benefits to living abroad, you may find it daunting to create a financial plan you can feel confident about.
Restrictive and ever-changing U.S. tax laws make tax planning a Byzantine effort. Estate planning is often difficult because you must consider multiple jurisdictions and conflicting laws. The issue of U.S. state domicile may not be clear, which influences child custody as well as probate and state tax issues.
Insurance also can create challenges, and liability protection may not be clear. If you are self-employed, retirement planning can be difficult.
Because of U.S. regulations (including FATCA) and foreign government reactions to those regulations, you may be caught in the crossfire and unable to find financial services in your host country or in the U.S.
It may also be challenging to find professionals who understand the implications of living abroad, specific to your host country. Often, financial advisors, attorneys, and tax preparers have a limited view and are not connected in a way that gives you integrated solutions.
How Timberchase Financial Can Help Expatriates
Just as children of expatriates are often called "third culture kids" because they grow up between two cultures, your wealth may be suspended between cultures, and you may feel lack of control over your financial destiny. At Timberchase Financial, we are positioned to help you with your complex financial planning needs, thanks to our years living abroad and our experience helping expatriates like you. We will work collaboratively with you to help you gain control of your money and meet your financial goals.
We believe real wealth management is a complete approach to addressing your entire financial life, defined as the sum of investment consulting, advanced planning, and relationship management. If you would like to start a conversation about how our CERTIFIED FINANCIAL PLANNER™ professionals may be able to help with your financial plan, please contact us.