Working with successful retirees to achieve their Mediterranean dream
The case of a successful Canadian couple looking to retire in the Mediterranean and looking for a Wealth Advisor who would understand—and manage—all of the moving parts.
The situation
A couple, Canadian citizens and residents, recently sold their family business. After planning to retire, the couple decided to live out their dream of relocating to the Mediterranean, making them non-resident Canadians. This required the restructuring of assets and working on a plan for the next generation.
The client’s goals
- Choose a Mediterranean jurisdiction to permanently meet their retirement lifestyle needs.
- Ensure plans are in place to structure a property purchase.
- Execute a proper Canadian exit strategy with expert help in shifting cash and investment assets abroad.
- Make preparations to obtain a permanent resident visa and receive international medical care.
- Make plans to create a trust for their adult children who will remain in Canada.
Our approach
- Our Canadian Family Office team introduced the family to tax and estate planning professionals to advise them on and finish their departure planning.
- Our Swiss Family Office team advised the family on the Mediterranean jurisdictions that could meet their lifestyle and other requirements.
- We introduced the family to a Swiss private banking counterparty for banking, credit, and custody requirements.
- We helped the adult children meet worldwide peers with comparable family profiles.
Outcomes to date
- Our Swiss Family Office team manages the family's investment assets as well as an IBC that owns the U.S. LLC created by our Legal team.
- Our Tax Services team oversees the annual tax compliance filings of the U.S. LLC.
- Our Swiss Family Office team will establish and manage a Swiss trust for the benefit of the family members who remain in Canada.
Disclosure: Case studies are provided for illustrative purposes only and are based on real client or former client engagement. Some scenarios may reflect client experiences or work originally performed by a firm that has since been acquired. All client names, identifying details and contextual elements have been anonymized to protect client confidentiality. The outcomes described reflect the experience of a particular client. Results are not guaranteed and may vary based on each client’s individual circumstances, market conditions, regulatory requirements and specific financial objectives. Past performance is not indicative of future results.
Services are only offered in jurisdictions where each entity is authorized to operate. Products and services may not be available in all jurisdictions or to all client types.
