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ARTICLE · 23 MAY 2002

Multi-Citizenship Planning for the Wealthy Client

David S. Lesperance, Barrister and Solicitor
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CanadaWealth Management
David Lesperance
David Lesperance

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 own situations. As these changes are occurring at an amazing rate, having a healthy passport port-folio will allow your clients to maximize returns

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