Creative Planning International

While Social Security is generally not an issue for expats, appropriately managing healthcare benefits can be more challenging. Our team breaks down important Medicare considerations here: https://buff.ly/3V217BI

While the U.S. has a high estate tax exemption, many other countries have much lower exemption levels. Some countries will also impose their inheritance tax on an inheritance you receive from someone living in the United States. It’s key to prepare for these potential circumstances and update your estate plan accordingly.

The Labour Party announced its autumn budget on October 30, 2024, and it contained some sweeping tax law changes that will impact U.S. expats living in the United Kingdom. Non-dom status rules are changing, remittance basis is being abolished, inheritance tax is shifting to residency-based and capital gains tax rates are set to increase. Read our latest article to understand how these changes could impact your finances. https://lnkd.in/eDrXHCqk

It's vital for Americans living abroad to keep up with evolving circumstances, tax regulations and life changes. At a minimum, be sure to cover these nine topics in an annual review meeting with your international wealth manager and tax advisor. https://lnkd.in/e2yAJ-Hu

Moving abroad comes with a host of challenges, including international complexities around estate planning. If you live abroad, it will be difficult to have your estate plan go through the U.S. probate process, and it’s important to research local estate and inheritance tax systems. Understanding these local regulations will help ensure your assets are protected and your wishes are honored, regardless of your location.

Avoid potential retirement planning pitfalls — review common issues related to foreign pension plans, and consider the strategies outlined in this article to integrate these plans into a comprehensive cross-border retirement strategy.

Embarking on an international move with your family? It's sure to be an adventure filled with excitement and challenges. We've compiled five essential tips to smooth your family's transition abroad. Whether you're in the early planning stages or counting down the days until your move, we can help you make this international relocation a more positive experience for every family member. https://lnkd.in/ecXcV57J

As a U.S. expat, you face a unique set of financial considerations that requires careful planning and attention. Be sure to cover these nine key topics with your international wealth manager and tax advisor during your annual review meeting: #1 – Any changes that occurred in your life over the past year #2 – Investment performance and allocation #3 – Fees #4 – Progress toward your financial goals #5 – Goals for the upcoming year #6 – Banking and currency considerations #7 – Compliance with foreign financial reporting requirements #8 – Tax regulations and compliance #9 – Risk management

If you’re making plans to move your family overseas, one of the most challenging decisions you’re likely to make is where to send your kids to school. Of course you want your children to continue thriving academically, meet new friends and excel in their new country of residence, but it can be difficult to evaluate your options in a new country. In our latest article, we highlight four tips to help you select the right education option for your children while living abroad. https://lnkd.in/gUwqA-Zn

For U.S. citizens living abroad, contributing to an IRA (if eligible) can be a smart financial move, particularly when residing in countries with lower tax rates. However, this strategy may be less beneficial for those in high-tax nations. This video illustrates the tax implications for U.S. expats living in two contrasting locations.