Reply To: Estate Planning and Overseas

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#148807
Waterdude
Participant

A tie-in to this topic, I recall a few articles on MoneyTalks News that suggest retirement overseas may be less expensive. Well with more folks moving to locations like Costa Rica, Thailand, Philippines, etc., this issue of estate planning with overseas property becomes real current and salient. I know of a co-worker who retired and was building a house in Belize along with other expatriates. What and how to do with such property when one passes on? What needs to be done to prepare? Need to get with a local lawyer and deal with local based estate planning – if such exists? How to translate to and for beneficiaries located in the USA? Any thoughts or recommendations, solutions? Thanks