Thinking about moving abroad after retirement? You are not alone as many American people are considering the same. Financial considerations are the most compelling reason for these seniors to look overseas. The cost of living in America is very high and many people can’t afford to stay in the country after retirement, which is why they consider moving abroad.
While you might be able to travel overseas after retirement, your estate plan won’t travel too well. When you move out of the country, your estate plan would be subject to new laws that were not taken into consideration when trusts were being created and wills were being drafted. Below, we have discussed some issues that you should pay attention to when creating an estate plan if you plan to move abroad after retirement.