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The Situation Is Critical, But You Do Have Options
Oct. 26, 2010 Dear Live and Invest Overseas Reader, The situation in the United States is reaching a critical point, and the U.S. government is feeling desperate. This is leading to two things--more taxes and restrictions on your ability to move your money out of reach of an ever-greedier taxman. The most important thing to understand is that you have options. Holding some of your wealth outside your home country is just smart, and, right now, you have important opportunities to do just that. But how? And where? We're convening the top going-offshore experts we know for two days in Panama City to walk you, step-by-step, through answers to those questions. We've just finalized the program for the Emergency Offshore Summit we've planned for Dec. 2-3, and I can tell you that I'm personally looking forward to this very timely and heavy-hitting event. Starting Jan. 1, 2011, new legislation means your opportunities for defending what is rightfully yours will be fewer. Offshore tax, privacy, and protection benefits will become harder to realize. I'm not being an alarmist. I'm speaking practically and realistically. Right now, you have many good options available to you for minimizing your tax burden each year, for protecting your assets, and for safe-guarding your wealth. What you don't have is a lot of time to wait. I am not suggesting you do anything illegal. We're not talking about "hiding" money. Our experts, the top, most experienced, and most trustworthy in this field, will show you perfectly legal and fully compliant ways to keep as much of your own hard-earned money as possible. It is completely legal to own foreign real estate overseas. It is completely legal to own gold stored outside the United States. These are but two current and compliant options available to you right now for protecting your wealth. The time has come to go offshore. Join us in Panama before year's end so we can help you make your own plan for doing that safely, compliantly, and confidently. Sincerely, P.S. This conference is being held in Panama, but this is not a "Panama" program. Over the two days of this event, we will discuss the top jurisdictions worldwide for going offshore to protect your wealth and safe-guard your assets--including, yes, Panama, but including also a number of other places, such as Belize, Uruguay, Andorra, Nevis, the Cayman Islands... The experts we're convening for this Emergency Offshore Summit are the most respected in their respective fields. Over two days in early December, you'll have private access to every one of them. Full details here. |
It's Time To Defend
What's Rightfully Yours... To enjoy more of your earnings day to day (and lose less to the taxman)...
To prevent future hits to your nest egg (so you get to enjoy the prosperous retirement you deserve)...
To protect your assets for your future (and for your family)...
By using the only sensible course of action that remains
(one that can save you thousands of dollars every year while building a legacy for you and your heirs)... Announcing
The Live and Invest Overseas Emergency Offshore Summit Dec. 2-3, 2010 Panama City, Panama Dear Live and Invest Overseas Reader, When Elvis Presley died in August 1977, his estate was valued at over US$10 million. A respectable fortune for the King of Rock 'n' Roll to have left behind, you might say. But the story doesn't end there... Unfortunately, Elvis's will wound up going through probate. In fact, it took three years for the lawyers to work things out in court. Only then was it ruled that the estate should pass to his only daughter, Lisa Marie.
Between taxes and legal fees (thanks to those years in court), Elvis's estate was reduced to just $3 million. Yes, 70% went straight to the taxman and the lawyers, while his daughter was left with just 30 cents on the dollar. If the King of Rock 'n' Roll is still alive, this must be the one thing he's kicking himself over. Now, let me tell you about another King... In 1957, Dallas-based oil tycoon H.L. Hunt (the "Oil King") was named one of the eight richest men in the United States. At that time, Fortune estimated his wealth to be between US$400 million and US$700 million. (You might recall H.L.'s sons--Bunker and Herbert--who, in the 1970s, famously failed in their attempt to corner the silver market.) Just before his death in 1974, Hunt's net worth was an estimated US$2 billion. Fortunately, this King was a little more organized. He had carefully distributed his assets into all sorts of legal structures--funds, trusts, life insurance...you name it. After his death, the only asset that could be linked to H.L. Hunt was a pick-up truck worth US$2,000. Hardly worthy of a courtroom battle. I first heard this "Story of Two Kings" maybe a decade ago. I've remembered it ever since. Because the moral of the story is this: You--and only you--have control over your wealth. Yes, you--not the government or the banks--get to decide what happens to your assets, now and in the future. That's a liberating thought in these days of financial doom and gloom. And, as the story of two Kings illustrates, you have two options: Plan A: Do nothing. Over your lifetime, chunks of your fortune will be swallowed up in taxes or by creditors. (It happens every day.) And later, when you die, your estate is at risk of being slashed so that your heirs receive only a small part of what you've built for them. Plan B: Jump into the driving seat and take control. Like our "Oil King," strategically organize your assets and plan for your estate. Here I must point out that H.L. Hunt wasn't pulling a fast one on the United States government. Everything he did was above the law. And I'm not suggesting that you do any different. Hunt carefully organized his assets using legal strategies that made it impossible for anyone to seize them. Going this route, you get to enjoy more of your money today, protect your retirement nest egg from further crises, and still leave behind something when you die for the people you care about--without the additional pain of a huge tax bill or an expensive probate process. Really, the decision is a no-brainer. Especially when you consider that never before in the history of the United States has your wealth been more vulnerable than it is today. The Time Has Come To Take The "Emergency Exit"
Like many Americans, you may already have seen your nest egg shrink, the value of your home fall, your investment portfolio lose half its worth or more... The really bad news is that there's more hardship to come. As the United States bids farewell to the Bush tax cuts at the end of this year, new and higher taxes will have a huge impact on every American's pocketbook. And it's not just your finances that are at stake. Crazy new laws have been crafted to restrict and control the foreign investment activities of U.S. citizens. That's an attack on your personal freedoms. Effectively, what this means is that the more assets you have in the United States, the less control you have over them. So, if you really want to protect your wealth, now and for your future--and prevent your estate being reduced potentially to 30 cents on the dollar--you have one sensible course of action: Go offshore. This is an idea whose time has come. You Don't Have To Be A Millionaire
To Benefit From Going Offshore Opportunities for going offshore come in all shapes and sizes. But, generally speaking, going offshore involves moving your assets, your business, your banking--or even yourself--to a safe haven...to a place where it's harder for anyone to lay claim to what you've got. Diversifying your portfolio into foreign investments, particularly foreign real estate investments, and foreign currency is another important aspect to going offshore. Hunt's sons evidently learned a trick or two from their dad. In 1980, the brothers had nearly US$4.5 billion in silver, much of which was safely stored in Swiss banks. If visions of precious metals locked away in the vaults of a faraway haven are enough to make your palms sweat, let me reassure you that going offshore isn't anything as cloak-and-dagger...or glamorous...as it may sound. It's about legally defending what's yours in a way that makes it more difficult for creditors to attack. Offshore strategies include trusts, foundations, international life insurance, and owning a foreign bank account, to name a few. These are all legal ways for you to build a wall around your assets. Pretty boring stuff, really. And you don't need to be a multi-millionaire to benefit from going offshore. You could get started by simply opening a bank account in a haven that offers true banking secrecy. Can't meet the minimum deposit of US$100,000 required to open an Austrian bank account? Then why not try Belize... In this little Caribbean haven, you can open a private bank account today without depositing a single dollar. And you can set this up--and manage deposits and withdrawals--all from the comfort of your own home. Opening a foreign bank account is just one of the important offshore strategies we'll be exploring at the Emergency Offshore Summit we're convening this December. If you are interested in exploring every opportunity to protect and safeguard your wealth by taking advantage of strategies offshore, then I invite you to take your first step to a better, more secure future by joining us for the event. (More details on how you can secure your spot to meet the offshore experts in a moment.)
Act Now...Before More Foreign Banks
Decline U.S. Clients Thanks to hassle from the U.S. government to provide details of U.S. account-holders, Swiss bankers have taken the stance that they no longer want to do business with U.S. clients. Period. Frankly, I don't blame the Swiss. And I expect other nations will soon follow suit. Because, right now, the U.S. government is preparing to make it more difficult than ever for you to hold assets anywhere outside the United States.
This obstacle comes in the amended Hiring Incentives to Restore Employment (HIRE) Act, due to come into effect from Jan. 1, 2011. Stated in the new act are laws affecting the holding of foreign assets. And foreign banks that fail to comply with these laws face huge penalties. How these new laws got mixed up in an employment act is beside the point. What matters is that the 20 or so pages of legalese related to the reporting of foreign holdings could be summarized in one page: The window of opportunity available to you to take advantage of overseas investing and banking options is closing. Time is running out to take advantage of important offshore opportunities. To protect what's yours--before it becomes too difficult (and costly) to do so--by taking assets offshore and diversifying into foreign investments, I urge you to join us in Panama City, Dec. 2-3, 2010, for our first Emergency Offshore Summit. At this high-charged event, our experts will explain the new provisions of the HIRE Act in full...what they mean for the American who wants to bank, invest, or do business overseas...and how, if you start getting your act together now--before the new laws take effect--you can set yourself up to take full advantage of offshore opportunities.
Under-the-radar Opportunities: Two Foreign Assets
The IRS Doesn't Want To Know About! If you're starting to feel like you're being closed in from all sides, hold on. Here is some good news:
The first is foreign real estate. Yes, you can own a second home (whether for investment or personal use) in a foreign country and you are not obliged to inform the U.S. tax authorities. And, while new laws may make it easier for the government to get at your bank account overseas, it's a heck of a lot harder for someone (assuming they can track it down in the first place) to physically remove your foreign property. The beauty of this is that you don't have to be super-rich to take up the idea of buying real estate overseas to protect your wealth. Opportunities to buy land, houses, and apartments, for both investment and personal use, exist at all price levels. The second "under-the-radar" offshore opportunity is in the area of precious metals. This one may surprise you, but, the truth is, the U.S. government doesn't consider precious metals and money equal. That is, you can buy gold, silver, platinum...or any other precious metal overseas...and, again, not have to report it to the IRS. With devaluing currencies the world over, gold is one of the smartest investments you can make right now and one of the safest assets you can hold long-term. Last year, the Financial Times ran an article claiming that gold is primed to become a "mania asset," with a performance similar to that of Internet stocks before the turn of the millennium. If this holds true for gold, we're talking leaps of 100% to 300% in a year--and 500% or more over the coming few years. Speculation aside, gold has one big advantage over paper money: It isn't paper. Paper money comes and goes and has no intrinsic value. Gold has represented real value for thousands of years. Both these important strategies--buying foreign real estate and investing in gold--will be explored in great detail, including specific current recommendations for the markets we believe offer the best potential, at our December Emergency Offshore Summit.
Find The Right Offshore Strategy For You
I remind you often that, when it comes to retiring overseas, there's no "one-size-fits-all" paradise. Yes, there's an overseas retirement haven with your name on it, but your paradise could be the next guy's, well...hell. Same goes for investing and structuring your affairs offshore. What strategy is best for you? That depends on your own circumstances: your age, your employment status, your current net worth, your current budget for investment, your existing investment portfolio, your time frame until retirement, your wishes for your estate, and so on.
The questions and considerations are many. The good news is that you don't have to try to wade through them by yourself. I've been considering these important issues for more than 25 years. I've bought real estate and made other kinds of investments across the globe. I've set up bank accounts, offshore corporations, and other overseas structures, in many jurisdictions. Here's what I've learned: You don't want to try this alone. Each time I've set out to invest or do business overseas, I've called on the pros: attorneys...tax consultants...bankers...structures experts...real estate advisors...and so on...people with many more years of far more focused experience than I in their respective areas of expertise. When I decided to call this Emergency Offshore Summit in Panama City in December, I put out a call to this network of offshore experts (my personal "offshore army," so to speak). Over the two power-packed days of our program, this team of international attorneys, tax specialists, real estate investors, and more will walk you through the best opportunities available to you offshore today. And they will be on hand to answer questions on the issues that concern you, personally, in considering your financial well-being. Spend two days with us in Panama in December, and, with the help of this team of experts, you'll walk away with a clear plan of how best to protect your own wealth for the long term.
Discover The World's Most Versatile Offshore Center
When we sat down to decide where in the world to hold this Emergency Offshore Summit, we didn't have to deliberate very long.
Panama is one of the best places in the world right now to start a business and one of the easiest places to obtain foreign residency. Plus, outside Panama City, this beautiful country hides the smartest beach, river, and mountain property buys anywhere on the planet today.
Panama enjoyed fast-tracked economic growth for several years leading up to the current global recession. Over the past 24 months, while much of the rest of the world has been struggling, Panama's growth has continued. The country recently enjoyed investment-status upgrades from Moody's, Standard and Poor's, and Fitch. Panama Canal revenues are up this year and the country's economy continues to expand overall. Thanks to pressure from the OECD and others, banking privacy is all but extinct in most of the world today. But, here in Panama, your privacy matters. As a result, this is one of the world's most appealing offshore jurisdictions, a place you should be paying attention to if you're concerned about protecting your wealth. For all these reasons, as I said, it didn't take us long to agree that Panama was the place to base our Emergency Offshore Summit when we decided to convene it. I Want To Be Clear: This Is Not All About Panama
Though Panama City is our base for this Emergency Offshore Summit, our experts will consider the best opportunities in the world--from the Americas to Europe--for safe-guarding your assets, minimizing your tax burden, making sure as much of your wealth as possible is passed directly to those you want to receive it after you're gone, and keeping your private affairs private.
These Two Days Could Save You Thousands Of Dollars A Year...Every Year For The Rest Of Your Life
I've given you some idea of what kinds of steps you could take to protect your wealth--and of the advantages you could look forward to once you decide to take the leap and go offshore. But, really, I'm only scratching the surface here. This Dec. 2-3, at the Four Points Sheraton Hotel in Panama City, my team of offshore experts will lay out all the information you need to get started planning for a more secure, more bountiful future, for yourself and for your family. They'll outline the most appealing current strategies available to help you protect what's yours, to diversify your assets (in terms of jurisdiction, currency, and type), and to develop a strategy that supports both long-term growth and privacy. In the room with these experts, over the course of these two days, you'll get the full story on:
Perhaps most important, you'll have the opportunity to meet in person with the best-qualified, most experienced offshore professionals I've come to know in more than 25 years spending time and money around the world...convened, one and all, specifically to help you design and follow through on the offshore plan and strategy that suits you best. This Is Your Last Call To Action In The Face Of
A Closing Window Of Opportunity Next year, as I've mentioned, Americans face the steepest tax hikes in history. Meantime, increasingly, the freedom for you, as an American, to do all the things you might want to do in the international arena are being compromised. Right now, you have the power to control what happens to your wealth. Come next year, you'll have less power...and, likely, less wealth to play with... In 2013, further changes will take place that will further impede your financial independence. Take this step now toward taking control of your and your family's future. Join us in Panama for this rare and timely opportunity. I sincerely believe it could be the most important two days you spend this year. I hope to meet you there.
P.S. The tax and other changes to take place in the United States starting next year and over the coming few years will have dramatically negative effects for many, many Americans. Here's your chance to be sure you understand the nuances and implications...and to take advantage of the most expert counsel I know to get your house in order, as it were, in time to minimize the consequences for you and your family. Go here now to reserve your place in the room for this important and timely event. If you prefer to make your reservation by phone or if you have questions about the event, please contact Conference Coordinator Sofia Hogan by e-mail: Events@liveandinvestoverseas.com or by phone, toll-free from the United States: 1-888-627-8834.
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© 2010 Live and Invest Overseas. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This newsletter may be used only pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the World Wide Web), in whole or in part, is strictly prohibited without the express written permission of the publisher, Live and Invest Overseas, Ocean Business Plaza, Suite 906, Marbella, Panama, Republic of Panama. If you have any questions or feedback, get in touch at CustomerService@liveandinvestoverseas.com or by phone: 1-888-627-8834 or +1-443-599-1221. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. |