Copyright © 2017 by Andrew Fisher. All rights reserved.
Published by John Wiley & Sons, Inc., Hoboken, New Jersey.
Published simultaneously in Canada.
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Library of Congress Cataloging-in-Publication Data:
Names: Fisher, Andrew, 1971– author.
Title: The cross-border family wealth guide: advice on taxes, investing, real estate, and retirement for global families in the U.S. and abroad / Andrew Fisher.
Description: Hoboken, New Jersey: John Wiley & Sons, Inc., [2017] | Includes index.
Identifiers: LCCN 2016039868 | ISBN 9781119234272 (hardcover) | ISBN 9781119234296 (ePDF) | ISBN 9781119234289 (epub)
Subjects: LCSH: Americans – Foreign countries – Finance, Personal. | Aliens – United States – Finance, Personal. | Families – Finance, Personal. | Estate planning. | Wealth – Management. | International finance.
Classification: LCC HG179 .F53378 2017 | DDC 332.0240089/13 – dc23
LC record available at https://lccn.loc.gov/2016039868
Cover Design: Wiley
Cover Image: © Ian McKinnell/Getty Images, Inc.
Tim Kochis JD, MBA, CFP>®
For well over 40 years, I have had the great professional gratification of helping clients to optimize the achievement of their personal financial goals. The first third of that time was focused nearly entirely in the United States, and for clients with virtually no tax or investment or financial issues that extended beyond the U.S. border. Times, of course, have changed dramatically. Business, capital flows, and, importantly, human talent are increasingly globalized. Our clothes, our cars, our food, our neighbors, even our spouses and partners, often come from some other country; the same is true for residents of Italy, or Malaysia, or Chile. But, awareness of related financial issues and the optimization of financial consequences for those whose lives cross-national boundaries hasn't kept pace. In recent decades, I've been privileged to be a small part of a large effort to develop a global profession of personal financial planners, under the certification rubric of the CFP® mark. The number of these professionals and those on a pathway to this certification around the world now exceed well over 200,000. But this is a still tiny response to the immense global need – and, sadly, almost none of these have genuine competency to practice outside of their own country's laws and domestic financial structures. There remains a huge challenge and lots of room for further professional development ahead. Perhaps ironically, due to its size, prominence, and highly unusual and exceptionally complex tax laws, the biggest part of that challenge exists in, and because of, the United States.
