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You don't have to give up your US citizenship. If that was the case i would never consider it. I did worry so I contacted the US embassy and the British home office and then both told me you don't have to give up your US citizenship. The US Embassy said that the only way you will have your citizenship taken away is if you write some formal letter asking to have it taken away.
Benifits? Well, the prime one for me is that if my husband were to die I would be allowed to stay here without any question. Not only that but I would stay on the rent book for our flat. I don't know if I would want to stay here forever if something happened to him when I was still relativly young but the truth is that my life is here now and I don't want to be forced to leave.
Also, it make it a lot easier to get a pension (social secruity). Plus, claim benifits if you ever have to. For me it is a peace of mind thing. I don't want to be forced to leave and if our husbands were to die (god forbid) they could if they felt the need.
Also, if you are American and earning money in American dollars (ie sponsor checks) you have to pay US taxes. It sucks but it is something I have been dealing with all this year. It has been a pain in the ass.
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