High-net-worth families are driving one of the largest geographic migrations of wealth in history. A range of factors is driving this trend, including lifestyle and education choices, ongoing concerns about political instability and safety, and rapid improvements in communication and mobility that enable the growth of multi-national businesses.

While many families continue to see the U.S. as a compelling destination for its robust economy, deep capital markets and mature infrastructure, others are looking abroad to take advantage of options for dual-citizenship, attractive investment opportunities, or to support family members who may be exploring unique educational or employment opportunities.

Reasons for relocation are always family-specific, but for both U.S.- and non-U.S. families seeking to expand their global reach, success depends on a comprehensive approach that integrates tax and estate planning with the family’s long-term vision for preserving and transferring wealth across generations. 

In this new report from The Northern Trust Institute, we examine what’s driving the rise in international relocation and outline the key actions — including tax and estate planning, family governance and risk management — to consider if you are contemplating your own move in 2026 and beyond.