Blog: The Lesperance Letter
Permanent residence status and returning after an absence: the cost of failure vs the cost of doing it right
Once you have obtained Permanent Residence status in your chosen country you may think the path is clear. In fact long absences can make put your permanent residence status in jeopardy. We work closely with our clients – and their advisors – to ensure that any issues...
Tax Billionaires out of Existence?…. How Back Up Plans Explode the Myth
Economist Thomas Picketty has proposed a tax plan that will 'abolish' millionaires. What he neglects to consider is that effective Back Up Plans made by the world's richest will negate the possibility of this ever happening. When I became a lawyer almost 30 years ago...
Financial Back Up Plans for Silicon Valley Executives: What Founders, Early Employees and Venture Capitalists may want to Consider.
In High Net Worth America Silicon Valley Executives require specialist thinking when it comes to formulating Financial Back Up Plans. I have spent almost three decades assisting High Net Worth Americans put together their personal Back-Up Plans which, in some cases,...
Did you receive or apply for a US EB-5 Visa? If yes, you should realize that the IRS may be hot on your trail!
When the US EB-5 Visa Program was introduced in 1990 it was predicted to be a significant development in the Residence by Investment market. However, it was almost 14 years before the program began to reach its annual quota of 10,000 visas. The “game changer” for this...
Did you acquire Canadian Permanent Residence under the Investor category? If so, Canada is checking up on you … and that’s very bad news!
If you acquired Canadian Permanent Residence under the Investor category then this blog will keep you informed of any potential threats that might impact upon you and your family. In my blog posts For HNW Chinese the need for a Back-Up Plan is profound: Don’t leave...
New Immigrant Tax Evasion: It works right up to the moment it stops working!
Immigrant Tax Evasion is a short cut some HNW individuals take within their back up plans. Read about how this solution is short sighted (and illegal) and how they are better, safer and legal roads to financial security. During my almost three decades of providing...
For HNW Chinese the need for a Back-Up Plan is profound: Don’t leave yourself and your family under two storm clouds of risk!
In the current political climate it has become essential for HNW Chinese to have an effective and thought through back up plan. Read on to discover the consequences of ignoring this need and effective steps you can take to protect yourself. Yesterday the global public...
Should I stay or should I go? A Four Step Decision Process on whether to Expatriate from the US
Since 1990, I have assisted literally hundreds of HNW Americans in deciding whether they should take the steps to legally and properly leave the US tax system by either renouncing their US citizenship or giving up their Resident Alien status. This is a complex...
Freedom is a Common Goal…but Seasteading is currently not a Viable Way of Achieving it.
Freedom is a Common Goal…but Seasteading is currently not a Viable Way of Achieving it. Throughout modern history, many people have dreamed of freeing themselves of what they perceive to be the shackles of their government. Excessive taxation, over-regulation of...
Case Study: Brazilian HNW Family Almost Replicates Friend’s Poorly Conceived Back-Up Plan
Case Study: Brazilian HNW Family Almost Replicates Friend's Poorly Conceived Back-Up Plan Like many wealthy Brazilian families, this client had multi-generational experience with changing political environments and their impact on the economy, including the...
Britain’s Wealthy are packing Parachutes and that spells trouble for the rest of the UK!
Britain’s Wealthy are packing Parachutes and that spells trouble for the rest of the UK! The Times recently ran a feature noting that a large number of the UK’s wealthiest individuals have fled for more favourable fiscal climates. It also noted that this trend has...
Seven Ways Golden Geese self-sabotage their own Back-Up Plans (Part 3)
Seven Ways Golden Geese self-sabotage their own Back-Up Plans (Part 3) In almost three decades of assisting Golden Geese (aka High Net Worth individuals) with their Back-Up Plans, I have often observed certain behaviours by the clients themselves that undermine their...