Most people will go through their lives with the passport portfolio that is allocated to them at birth. Their passport portfolio will not be diversified and they will have to contend with the advantages and disadvantages of their original citizenship. They will rely on the benevolence and goodwill of their native government to take care of their needs and not treat them like chattel or abuse their rights. Unfortunately, history has shown that while most governments do not mistreat their citizens, when one does, the effect is profound.

It is not only to avoid such events as the rise of Nazi Germany or the break-up of the former Yugoslavia that prudent people today are paying more attention to their passport port-folios. The meteoric rise of globalism with all of its potential dangers and advantages is forcing many clients to review their citizenship status. As these changes are occurring at an amazing rate, having a healthy passport portfolio will allow you client to maximize returns on positive development and minimize risk on negative ones.
Consider the following things that have emerged in the last two decades:

• world-wide overnight delivery
• inexpensive long-distance telephone services
• fax machines
• the Internet
• automatic bank machines with world-wide access
• satellite television
• digital mobile telephones
• on-line stock trading
• international terrorism
• money laundering regulations
• governments operating on enormous deficits
• large punitive damage awards and contingency fee lawyers
• increased random crime and gated communities

When you review this list, you will appreciate the value a diversified citizenship portfolio offers to deal with the many possibilities, both predict-able and unpredictable.
A Healthy Passport Portfolio
In Tandem will help you set out a long-term strategy to revise your existing passport portfolio so it meets your personal goals. We will help you to look at long-term scenarios. As with an estate plan, the passport portfolio should deal with at least two generations. Your decisions will have a profound impact on the lives of your clients' children, grandchildren, and great-grandchildren. We will help you to address issues such as medical and educational facilities, infrastructure requirements Together we will consider:

• Visa-free travel to the countries your clients visit for business or pleasure
• The ability to live and work in favorite long-term destination countries
• The ability to have children study in the school of your choice
• The ability to arrange affairs to minimize government intrusion in such areas as taxation, currency restriction, overzealous regulation, military service, unfair seizure of personal property and personal liberties
• The ability to arrange affairs to minimize intrusion by fellow citizens in areas such as frivolous lawsuits, divorce property division, and crime on your person and property

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