As we often read or hear on the news, our world is ever-shrinking, and more of us are becoming global citizens every day. One of the areas that this impacts is wealth transfer planning. International estate planning issues can be complex an involve laws in the US and abroad on international estate planning at various levels of government. An experienced international estate planning attorney can help you navigate these challenges and more.
Non-US citizens with property in the US face estate planning challenges not encountered by natural-born or naturalized citizens. But immigration status does not affect the importance and need for estate planning. Indeed, critical to estate planning for immigrants is obtaining sound guidance from an experienced estate planning professional.
The adoption of the European Parliament's European Succession Regulation in 2012 simplified estate planning in the European Union. The regulation also resolved jurisdictional and choice of law issues. Unfortunately, no single overarching law governs international estate planning for other countries, including the United States.