Thinking ahead can take the sting out of the biggest family expenses. The best time to consider alternatives to potentially damaging family expense is now, while you are rested, relaxed, receptive, and while choices are still possible. There is an axiom taught to new C.P.A. candidates that says the success of a project is 90% planning and 10% doing. This can be applied to any project, and most especially to the anticipation of the biggest family expenses.
Also, you need to consider, that offshore bank accounts are any bank account that is opened in a country other than your country of citizenship. They don't necessarily need to be opened in tax havens. Although they often are. This is why they are often treated with suspicion.
The Grand Cayman offshore bank account tell us that our money is safe there and not to worry, yet one has to wonder if they lose that little ledger with al those numbered accounts, if they will lose any record of your deposit? Meanwhile Mother Nature is planning on making a little deposit of her own in the form of torrential rains and massive flooding and potentially more Hurricane force winds? Something to think about, as your hard earned money becomes watered down and then blows away? Think on it.
Bogus offshore banking sites can threaten to report you to your tax authority if you question their methods. It's an old con trick; get the mark involved in something illegal, then he can't go to the authorities.
There are so many dodgy investments out there. For example think about buying a property in Spain or another country. You give them the full amount and as the months roll on there is no way of contacting the person dealing with your home. The home may never have been built or they may have just done a runner with your money. In some cases The property wasn't there's to sell.
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