Just a couple of hundred years ago, most people lived and died in the same town. They met few people, made fewer friends, and couldn’t imagine a world beyond the borders of their hometown. Today, you would feel suffocated if you stayed in the same place for more than a few years, let alone for your entire lifetime.
With a change in our lifestyle, many average Americans now have more than one property in different states. They could have a beach house in Malibu and one where they live miles away.
There’s just one tiny snag: managing real estate that is located across state lines can be a little tough—imagine your will going through multiple probates before reaching the intended heirs!
But don’t worry. You’re not the first person with this problem and you won’t be the last. There are multiple provisions in place that you can look into while estate planning in Manhattan. Here are a few for your consideration.