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Families moving to the UK from the US often know they have a few challenges to overcome in dealing with the practical impact of differing laws and regulations. While this is true, there are also quite a few myths that have become commonplace among the expat community, which may stand in the way of effective wealth planning.
It may be easy to get information from friends at dinner parties, but this is where appropriate advice for any major life decisions should not be underestimated. Here are a few of the most common myths that can cause big headaches down the line.
MYTH: Moving money from the US raises red flags
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