Bermuda Islander - Step 18
INTRO – STEP18
CROSS BORDER FINANCIAL PLANNING CHALLENGES, TAXATION AND COMPLIANCE
A Pondstraddler is a person with one foot on each shore whose heart resides in both countries.
The global migration effect on Bermuda islanders and their families.
A local family may have in the past appeared to be purely Bermudian, domestically situated. This family picture is deceiving.
Domestic families, with hundreds of years old Bermudian family ancestral lineage, now have international relatives, assets, and business interests that need complex legal, tax, immigration, and cross border financial planning.
Families cannot plan complacently as was done in the past if they wish to continue to build, maintain and preserve their global assets for the future. The Reality is that their future depends on a careful assessment and a detailed plan on managing their multi-national, multi-jurisdictional future.
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