Monday, February 13, 2012

Two Reasons For Legal Offshore Cash

Political risk, as in:

If the country implodes and you've got to renounce citizenship you'll have some resources abroad waiting for you.

Litigation risk, as in:

Rich people make big targets, so to prevent everything you've got from being exposed to a lawsuit, you park some money out of reach.

Brett Arends explains here.

Does it inspire confidence that a prospective president might think that way?