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There are many tax opportunities for the ultra-wealthy. There are also some good options for people with smaller nest eggs. But what if you're in the middle -- you earn a good living or have at least $500,000 in savings and want to save on tax?
Over the years, I've heard some "great in theory, not in practice" planning ideas. Many are taken from a proven tool and warped into something that just doesn't work well anymore. Captive Insurance is one of those things.
Last week, one of our Private Wealth planning clients asked about a dynasty trust. She'd read that it let people pass their wealth onto their children, grandchildren and generations beyond tax-free. Virtually forever.
Funds can be a great way to benefit from the rise of a market without trying to pick the winners -- a hard game even for professionals. But what about offshore funds -- those based outside the US (usually) that may give you access to investments not available stateside?
A client called me a few weeks ago. He wanted to know the best way to avoid the new Corporate Transparency Act, which makes Anonymous LLCs in the US a thing of the past.
When it comes to retirement planning, self-directed Individual Retirement Accounts (IRAs) offer a flexible and potentially lucrative option for savvy investors.
Regular readers will know I've been traveling around central Europe for the last month. A few weeks ago, I was on the hunt for investment opportunities in Vienna for our private clients and to catch up with our preferred banking partners.
A few themes come up over and over -- asset protection, privacy concerns, and a desire for lower taxes. A Nevis trust is one of the few planning tools that offers all of them in one package.
One of the best things about spending time outside your borders is the opportunity to see things differently. You not only get the value of shaking up your routine, you also get exposed to new ideas and different perspectives.
For decades, our firm has provided the international planning piece for groups that sell precious metals to clients. A big part of that planning is helping clients identify the best countries for offshore gold storage... at least, what's best for their situation.
AI is changing many parts of our lives, from customer service chatbots to health care to finance, and even retirement planning. In our own practice, we've noticed an uptick in the number of people who ask us to confirm whether planning related answers generated by AI are accurate. (It often isn't, either partly or completely.)
The process of getting a second passport is a big decision. And one where's there's a one-size-fits-all approach.
Italian citizenship by descent allows you to claim Italian citizenship through your ancestry. Over the years, we've helped a number of clients through this process. It's very popular because it lets you get one of the world's best travel documents virtually for free.
When I was first introduced to Private Placement Life Insurance (PPLI) back in 2010, I didn't think it possible. It promised extremely strong asset protection, estate and legacy planning benefits, and a legal way to grow millions of dollars in a tax-deferred (and sometimes even tax-free) way?
Last week, I had a call with a successful entrepreneurial client who was deeply worried about capital controls. She had worked for many years to build up an eight-figure nest egg and didn't want to lose it to a predatory government through outrageously higher taxes or being forced to convert some of her investments into bonds from a bankrupt federal government. She certainly didn't want to run the risk of outright confiscation.
![PPLI: Private Placement Life Insurance [Ultimate Guide]](https://cdn-cgnhb.nitrocdn.com/ZKSprjXsTOgMJltgEVzOLijCmVKGsFpA/assets/images/optimized/rev-fa31fb6/www.nestmann.com/wp-content/uploads/2024/05/2405-hdr-private-placement-life-insurance-ppli-700x280.jpg)
When I was first introduced to Private Placement Life Insurance (PPLI) back in 2010, I didn't think it possible. It promised extremely strong asset protection, estate and legacy planning benefits, and a legal way to grow millions of dollars in a tax-deferred (and sometimes even tax-free) way?
We've been helping Americans diversify their assets internationally since 1984. Over the years, we've developed a few favorite places for certain things. Switzerland has long been a favorite for offshore banking, simply because they keep adapting to be able to serve US clients.
What if your investments never lost any value? That they kept growing no matter whether the economy was going gangbusters or in the middle of a crash? That could withstand inflation and catastrophe? Such a portfolio doesn't exist in real life, but the Permanent Portfolio comes pretty darn close.
We've long considered Switzerland a good place to bank for the right sort of client. That's because the best Swiss banks offer a service that is geared towards Americans looking for a conservative wealth preservation strategy.
I was on a Discovery Conference with a client a few days ago who had recently signed up for our elite Private Wealth service. For most clients, the Discovery is a chance to be really clear what they are hoping to get from the planning.
Individual Retirement Accounts (IRAs) are a big part of many American investment plans – to the tune of $13 trillion in 2021.
I must admit – when we first heard about the new Puerto Rico tax incentives back in 2012, we didn't think they would last. That's because the potential benefits were so good, we assumed pressure from Washington would eventually shut it down.
If you're trying to figure out whether you need to file Form 8858 and how to do it, you're in the right place.
When you think of foreign real estate, you might picture a retirement house by the beach. But for many of our clients, investing in property abroad is used for a…
Are Swiss Banks Safe? Switzerland is one of the most popular places for our private consulting clients to set up an offshore bank account. That's not because we're biased in…
Do You Need a Bridge Trust? Some years ago, a client presented something called a Bridge Trust to us. He was told it was somehow "better" than a domestic trust…
Twice in the past few weeks, clients have asked us about Old Glory Bank. It's being heavily promoted on media outlets like Fox News. Given how much we talk about…
![The Truth About Home Storage Gold IRAs [Updated for 2025]](https://cdn-cgnhb.nitrocdn.com/ZKSprjXsTOgMJltgEVzOLijCmVKGsFpA/assets/images/optimized/rev-fa31fb6/www.nestmann.com/wp-content/uploads/2024/03/240313-hdr-home-storage-gold-ira-700x280.jpg)
The Truth About Home Storage Gold IRAs [2025] There's a lot of misinformation when it comes to holding precious metals in a retirement plan. So let's debunk them once and…
How to Move Your Crypto Offshore With the price so high, Bitcoin is back in the news in a big way. But it's a topic we've dealt with a lot…
It's perfectly legal to move gold and other precious metals in or out of the United States in any quantity. In our consulting practice, clients regularly contact us about wanting…