Although estate planning can be easy and intuitive, the legal jargon surrounding Wills can make it confusing for those who aren’t familiar with the process. Although many aspects of estate planning are actually relatively simple, the unfamiliar language that people associate with the law can make these aspects seem daunting, even unintelligible. The awkward words used in Wills may be intimidating, but you shouldn’t let a few unusual terms turn you away from preparing your own Will.
One of the philosophies that governs ExpatLegalWills.com is the idea that the law should be accessible, and that jargon terms shouldn’t prevent anyone from understanding their Wills. You shouldn’t be required to spend significant sums of money on legal advice just to understand your own Will. This glossary presents some of the most common terms that surround estate planning law, terms that will be useful as you write your Last Will and Testament. If there are others you would like to see, please add them in the comments.
The US diaspora reaches every corner of the World. There are sizeable US contingents in Mexico, the Philippines, Israel and Liberia, but this is just a start. Millions of US citizens are finding new lives in Europe, Asia and Africa there are millions of US citizens with statistical estimates of anywhere from three to six million Americans living abroad. The following map is provided by www.americansabroad.org
A good proportion of these US citizens still hold assets back in their home country, and where you hold assets, you need a Will. So what are the steps involved in preparing your US Last Will and Testament, when you are living in a foreign country? What options are available to you? and how important is it to have a Will in place anyway?
Which approaches are available for preparing a US Last Will and Testament while living abroad?
There are fundamentally four methods of preparing a US Last Will and Testament while living overseas. Continue reading
I am retired in Thailand, lived all over the place so I have assets in numerous countries and I wish to update my Will. On talking with a local lawyer he told me he can establish a will in Thailand to cover my assets here but I will need to do separate ones for other countries.
As a UK citizen, resident here in Thailand, I want to make a Will which will be effective both here and there. Any ideas about how to go about it? Does it require two separate documents to cover assets in both places?
When we look through various expat forums this is one of the most common questions asked. You can see variations on the question here and here. “If I’m living overseas, but have assets in my home country, how do I prepare my UK Last Will and Testament”.
What follows in the forums Continue reading
The basics of a Will are pretty much the same in any jurisdiction in the World. The document needs to identify the person making the Will, describe the distribution of the estate, and be signed in the presence of two witnesses. It should also ideally name an Executor or estate administrator to carry out the instructions in the Will.
If a Last Will and Testament is that simple, you would think that a Will written in any jurisdiction would be accepted in any other jurisdiction, but unfortunately things are not as simply as that. Our partner websites at LegalWills.ca, USLegalWills.com and LegalWills.co.uk all offer interactive Will services that are very different from each other, even though the over-riding principles are the same. In fact, the Canadian and US services adapt the final document and help text across different States or Provinces.
I have been assigned to a one year position in Dubai, but all of my assets are in the US. I know I need a Last Will and Testament, how do I get one written?
This is a problem not only for people of temporary work assignments, but also for people who have permanently relocated, or have retired overseas. In our new mobile global economy, the number of expats is growing year on year. There are currently about 2.8 million Canadians living abroad (9 percent of the population) with over a million in the US alone. 6.3 million Americans live overseas, and 4.6 million Brits (with the number one destination being Australia at 1.4 million).
Many of these expats still have assets in their home country, and if they were to die without a Will, these assets would be subject to distribution by the intestate laws of the jurisdiction in which the assets are held. These laws are complicated, and in the UK, they are about to change on October 1st this year.