Wealth Goes International

Evidently, Eliot Spitzer's escort service, Emperors Club, could have provided him with a companion in London or Paris as easily as in Washington, D.C. Wealth knows few borders these days.

One result, more tax and estate planning issues for the wealthy and their advisors to worry about. Seamless Transition, from the February-March issue of Private Wealth, surveys tax and estate factors that may confront those living abroad.

France, for instance, offers special estate planning challenges. An expat may leave his chateau to his wife, but France thinks his children should come first. (One solution, as this article in The Telegraph notes, may be for the expat to assign ownership of a French home to a company.)