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Why is it a bad idea to renounce U.S. citizenship?

U.S. financial system is huge benefit to have Altogether, renouncing your U.S. citizenship is a much bigger process than may be necessary, Boudreaux said. Its not necessarily easy, could be a little expensive and its one of those things its kind of hard to undo once youve done it, he said.

Can I renounce my childs US citizenship?

Parents may not take the oath of renunciation or otherwise seek to relinquish the U.S. citizenship of their minor children. Similarly, parents/legal guardians may not relinquish the citizenship on behalf of an individual who may lack sufficient capacity to do so.

What is the DS 4081 statement of understanding?

Form DS-4081 is a Statement of Understanding that the applicant knows and understands the consequences and ramifications of giving up US citizenship, and that doing so is irrevocable. For a Renunciation proceeding (but not for a Relinquishment), the consular officer also prepares DS-4082, the Oath of Renunciation.

Can I give my child U.S. citizenship?

The Child Citizenship Act of 2000 allows foreign-born, biological, and adopted children of U.S. citizens to acquire U.S. citizenship if they satisfy certain requirements before age 18. The Act applies to children who did not acquire U.S. citizenship at birth.

Can a parents renounce childs citizenship?

Renunciation is the most unequivocal way in which a person can manifest an intention to relinquish U.S. nationality. Since nationality is a status that is personal to the individual U.S. national, it cannot be renounced by a parent or a legal guardian under any set of circumstances.