5 Issues to Take Note When Addressing Overseas Assets in Your Will

5 Issues to take note when addressing overseas assets in your will

Over the course of your life, you may have acquired overseas assets for investment purposes, as a family holiday home, etc. You may wonder what happens to your overseas assets when you pass on? Can you include them into your assets to pass on to your loved ones? And how do we go about doing it? If you have assets, such as bank accounts, properties, or jewelry located overseas, writing a Will on your own can be hard.

Vagaries of Intestacy Laws and a Simple Solution

In our previous article, we noted that when a person dying intestate, control over his assets is handed over to the courts. There is a high likelihood that the courts will not distribute the deceased’s assets the way he intended if he had written a Will.