When most people get in touch with an estate planning attorney, they seem confused about the varying laws of different American states. Estate planning for properties in two different states is difficult enough, but when a whole other country is involved, you can’t go without some intensive study into estate law. If you don’t understand it correctly and apply it efficiently to your own circumstance, there’s no saying how the transfer of estate, probate, tax and civil law is going to affect you and your family.
For those who own estate in the motherland but choose to live and work aboard, the American law has no sympathies. They are leveled with heavy taxes when processed or transferred abroad. If you have immigrated to another country and are now living as an expat, you will need to read this article before getting into estate planning.
Let us break it down for you.
International estate planning is complicated and you may get lost on the way. The best solution is to get in touch with an estate planning attorney who can properly gauge your particular situation in the global landscape. Good luck!