Why International Planning?
Frequently at seminars and in consultations with clients, people will ask me why they should consider international asset protection and estate planning. Won’t it cost a lot? Won’t I become the subject of IRS scrutiny? Can’t I accomplish all the same things with domestic planning? This is some of the common refrain.
To me, international planning is all about addressing jurisdictional systemic risk. What do I mean by that? Well, most people would agree that we live in a country where litigation has become the national pastime. If someone is not happy with someone else, whether a customer, business partner, patient or spouse, they turn to litigation as the answer.