living
A Few Tips for
U . S .
Repatriation
by Peggie Pentecost
Today ’ s returning expatriates will likely consider the Internet to be their most valuable resource as they begin the process of repatriating to the U . S . Dozens of websites are available to guide the expat to valuable resources that will assist them with their return .
I recently assisted a couple with the purchase of a home after they had been living abroad for more than 15 years . A state income tax , accessibility to travel and cost of living were among the factors they considered . “ Returning takes some advance planning and the more you do , the easier your transition will be ,” said Maryann , the returning expat client . They recommend that an expat should
28 iF Magazine | OCTOBER 2016 begin to do their research and make preparations as early as 18 months in advance . This couple found that having some U . S . credit ultimately made it possible for them to secure a mortgage on a home . They recommend a bank account be established as well as at least three credit accounts with U . S . addresses that show regular payments being made by one year prior to their return . Watch your credit report and deal with any derogatory remarks in advance . Be sure to draft a budget and be realistic about what kind of monthly expenditures you will have . If you are not going to have an income when you return , establish one by putting your money into an annuity that pays you monthly . And don ’ t forget about making sure you acquire
a U . S . driver ’ s license and that your passport has at least six months left prior to travel !
An experienced Certified International Property Specialist ( CIPS ) designated REALTOR ® will be savvy about helping the expat weigh neighborhoods and locations against priorities in order to find the perfect home . While being present for the inspections was possible for this couple , they did a lease back to the seller , who then was able to assist them with transferring utilities to their providers , etc . It may be necessary to have a spouse return early to make those arrangements prior to move-in if possible . Deposits for utilities can be paid by credit card , and most of the