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Estate Planning Across Boundaries, Elder Law Attorney, Woodstock, GA


Estate planning is increasingly no longer about the laws of a single state or even a single nation. People often own property in several different jurisdictions.

It used to be that, for all but a very few individuals, everything a person owned was located in one state. Someone who lived in Virginia was unlikely to own real estate in Montana, let alone in France.

Now, in the current era of globalization, more and more people have property all over the place.

Some of the property is real estate, but much of it also has to do with business and finance. This creates different estate planning problems as the Wills, Trusts & Estates Prof Blog discusses in “Wills and Inheritances: 10 Cross-Border Tips.”

The most important thing to understand when property is located in a different jurisdiction than where you live, is that other jurisdiction’s estate laws. You need to carefully consider how that property will be handled and what taxes might be due on it.

When just dealing between states within the U.S., this normally does not create gigantic problems. However, when dealing with foreign nations that have very different laws, it can create headaches, if not properly planned.

If you have property that could be subject to laws outside of your state, it is important to contact an experienced estate planning attorney.

It may not be a good idea to download a do-it-yourself will or trust that does not take the laws of other jurisdictions into account.

Reference: Wills, Trusts & Estates Prof Blog (June 16, 2017) “Wills and Inheritances: 10 Cross-Border Tips.”

 

Hear From Our Clients
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I heard Cindy’s presentation at a Senior Luncheon at my church, and was very impressed. She helped my daughter and me understand many aspects of elder law. Josh has also been very helpful in my planning to enter an independent living situation . I have told many friends about them.

- Charlotte

The very best elder law attorney and staff anyone could ever ask for! I have referred a number of clients to Cindy and she never disappoints. She is kind, caring, and extremely thorough in making sure everything is completed as it should be. I highly recommend Cindy for anyone needing lawyer services; she truly goes above and beyond for every client she helps and has had a huge impact in so many peoples’ lives. Thank you, Cindy and staff, for everything that you do- I’m so glad to know you!

- Kerri

Cindy and the Nelson Elder Care Law team are trustworthy and helpful. They are the experts in elder care law. At Leaf Cremation, we entrust our families to the care of the Nelson team when their services are needed.

- Pierce

Josh Nelson, and his staff, have been amazingly helpful to our family. The ins and outs of nursing homes, the rules and regulations that govern Medicare and Medicaid are daunting and the folks at Nelson Elder Care Law have been informative, responsive, and above all, empathetic. I cannot emphasize enough how their service has taken a weight off of our shoulders especially during a world pandemic that has targeted nursing homes across our country. I highly recommend retaining Josh and his firm!

- Marcia

I had a simple legal question to them that I needed answered and they very helpful in giving me the information I needed. I highly recommend them and will reach out to them if I need more advice or assistance. Thank you for taking your time to just answer a couple of questions I had!

- Ben