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More and more Americans are choosing to retire abroad. Many people make the decision primarily for lifestyle factors and fail to consider all the elements that come into play: lifestyle, living costs, citizenship, finances, taxes, health care, and property. Laws vary from country to country, particularly in regard to taxation, property, and health care. While the possible lifestyle in one country may be ideal, other factors can make life difficult. This book provides essential information for those thinking about retiring abroad and highlights problem areas so that readers can make the best possible decisions for their circumstances.
Highlighted in the book are legal and tax issues that one should plan for prior to committing to a specific country. This is particularly important now because the IRS has signaled that it is going to pursue foreign income issues far more aggressively.
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George Hayduk is one of the nation's top authorities on legal, tax, and estate planning issues for international families. For 20 years, his practice has specialized in giving tax and legal advice to expatriates and international families. He has worked directly with the U.S. Treasury regarding complex residency issues and U.S. Tax Treaties. He regularly represents clients on complex cross-border issues, such as: coordinating with overseas attorneys on tax and estate planning for U.S. persons living abroad, renunciation of U.S. citizenship and related tax compliance, and bringing complex offshore trust agreements into compliance with U.S. law. He has written articles on legal and tax issues of international families in estate planning journals. He received his Juris Doctor from Hofstra University in 1984, and has an MBA in Finance and Accounting from Iona College. He is a member of the Connecticut Bar Association.
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