I see the concept of locating wealth and assets at the state level all the time for a variety of reasons . . . There has been only occasional talk of U.S. citizens exploring other citizenships. At the federal level, US citizens are taxed on worldwide income no matter where they live. However, with a new regime in Washington (and wealth tax initiatives) , there seems to be more interest in foreign citizenship options. To help make sense of the myths and the current climate, I spoke with David Lesperance. He is a top International Tax and Immigration Advisor with his Gadanz, Poland based firm, LESPERANCE AND ASSOCIATES. Citizenship Diversification -Who should be interested in this and why? -How prevalent is it?  6045 in 2020 (How many estate tax returns were there?) Jurisdictional Arbitrage -Why would you do it?  Taxes, ideology, other reasons? -If you are a US citizen, what's the process?  -How much does it cost? (Including the calculation of exit tax of 40 pc of net worth) -What are the usual places to "go"? -What are the rules of engagement once you're "out"? -What is the concept of "back-up citizenship?" Future legislation- -Are you putting yourself on "Bad Lists"? -The Dangers of a Wealth Tax for wealthy people . . . -Step Up in basis removal? -The increasing cost of "Citizenship Insurance" https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT/