Estate planning can be very complex and this is true for almost everyone who decides to set up a plan, whether they move ahead with a will or decide that a trust is the better option. For some people, estate planning can be even more complicated, however. For example, some people own property outside of the U.S., which can make setting up an estate plan even trickier for various reasons. If you have international assets or are dealing with other international issues that could impact your estate plan (citizenship, beneficiaries living overseas, etc.), it is especially important for you to carefully approach this process.
For starters, you should try to go over the details of your circumstances carefully and make sure that the most appropriate type of estate plan has been identified before moving forward. Next, you should carefully review any of your unique challenges that could affect your estate and the way in which it is split up among those you love. With careful planning and close attention to detail, you may be able to overcome these hurdles and set up an estate plan that suits all of your needs.
Some people feel discouraged when they are dealing with various international issues and want to create an estate plan. Unfortunately, some procrastinate and decide to wait until some point in the future, which can be detrimental. We fully understand the different reasons why estate planning can be stressful, but we also know how imperative it is to have an estate plan.