Foreign National Spouse Assets?

[Sooner in Korea]

Moved back to the states and brought wifey back on green card. We left her life savings (all from equity in her house in Seoul) in the Korean Bank because we can’t figure out a way to transfer it to Bank of America. That and the currency rate sucked donkey balls. We didn’t want to fly with it because it’s too much cash and after trying to fill out the Financial Disclosure form I didn’t like the idea that the gubment can hold onto it indefinitely without reason and we would have no recourse.

She also has an apartment in another country that we plan on selling but will be in the same situation.

 

[HornInDub]

And the question is...

 

[RayDog]

Why would you want to transfer it into the US? Better to leave it offshore and off Uncle Sam's radar unless you need it for something.

Personally I would set up an SA and move it to Panama then figure out your investment strategy from there. Do your own research or consult an attorney or financial planner to determine what is best for you. If you do bring it in do it slowly in small, less than $10,000 amounts.