Welcome

If you are a non-resident alien or green card holder living in the United States you will have important decisions to make regarding your wealth management and inheritance tax planning.

While it is always a difficult subject to contemplate, thinking about the future and what will happen to your wealth and assets once you are gone is definitely something which requires forethought and advice from an international financial adviser, especially if you are living abroad.

So, here at Blacktower in the US, we have put together a short guide featuring some of the main considerations.

The future of retirement planning in the United States is at a kind of crossroads: traditional employer pension plans no longer offer the gold-plated guarantees they used to and it is more incumbent than ever before that individuals devise their own strategies for their long-term financial futures. However, this has come at just a time when retirement investors face an additional pressure: as parents they are increasingly obligated to offer monetary help to their children.

This picture is supported by a recent survey by Bankrate.com* in which half of American parents reported placing their adult children’s financial needs above their own retirement plans.

More than a decade of slow wage growth coupled with a cocktail of spiralling living costs – for example, housing, health insurance and vehicle insurance – mean that younger generations are facing unique financial challenges. Add into this mix the cost and increased popularity of higher level degrees, and it is easy to see why parents might want to help out.