First thing you should know, the United States government tracks all money transfers and withdraws of 10,000 dollars or more.
Transferring a large amount of money overseas will not work if you want to do it under the radar.
So what can you do?
You can do what millionaires and billionaires have been doing for the last 100 years, but on a smaller scale.
How to Transfer Money Overseas Without the Government Knowing:
1- Buy an item that does not lose value over the short time you own it. Look at gems, jewelry, art, rare coins, etc…
2- Transport it to the country of your choice.
3- Sell it at the destination country at a small loss.
4- You now have a large amount of cash at a country of your choice to do what you please with.
That is how you move large amounts of money overseas under the radar. However, if you want to keep your money in the United States and just looking for asset protection from our sue happy country, talk to an accountant about Asset Protection through LLCs (Limited Liability Company) and corporations.
A brief run down to how Asset Protection works:
1- You open an LLC and transfer ownership what you want to protect into the LLC. Everything you owned is now owned by an LLC Click here to read more…