What Happens to Ur Properties if You Give Up US Citizenship?

[zacb]

Do you have to sell, do you keep your name on the title, and all goes the same, or what? Thanks.

[Rock]

Do you have to sell, do you keep your name on the title, and all goes the same, or what? Thanks.

I believe foreigners are allowed to own property in USA. So I don't think anything really changes. But if you wanna keep said property, be sure to pay all relevant property taxes and related income taxes.

[Taco]

I wouldn't give up your US citizenship until you have a passport from another country. Yes, foreigners are allowed to own property which entitles them to stay in the US for 6 months at a time without a green card.

[zacb]

Ok. So you would keep the property, and wouldn't have to do anything but pay taxes on it. Gotcha. I don't plan on doing that soon, but just a thought in my head. Thanks.

[SilverEnergy]

You can protect all of your assets in an Asset Protection Plan by getting it out of your name.

This will help protect you against someone trying to sue you or a renegade woman trying to get money from you.

[zacb]

You can protect all of your assets in an Asset Protection Plan by getting it out of your name.

This will help protect you against someone trying to sue you or a renegade woman trying to get money from you.

Would Anonymous Nevada corps. or Central American countries be better?

[SilverEnergy]

^^^
You might want to ask a lawyer to be sure but I think that if you protect your assets in America, it shouldn't hinder you if you were to move overseas.

[momopi]

Do you have to sell, do you keep your name on the title, and all goes the same, or what? Thanks.

You do not lose your property by renouncing your US citizenship. However you're still obligated to pay taxes on it, and income tax on rental income.

http://www.irs.gov/Individuals/Internat ... l-Property