Florida is an attractive destination for foreign persons moving to the United States. The instability in some Latin American countries is just one reason why Florida is seeing a rise in the number of high-net-worth foreigners moving to the region. While the need for timely pre-immigration tax planning may not be readily apparent to a high-net-worth foreigner who is considering moving to the United States, the failure to plan until it is too late may have extremely costly consequences.
Take, for example, the case of Ms. X, who lives in Latin America and is not a U.S. citizen or resident. She has significant wealth of her own. She owns, and founded, Latin American companies that are now extremely valuable as well as a portfolio of stocks that has appreciated significantly. She also stands to inherit significant wealth from her parents, who are also not U.S. citizens or residents.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
