Owning Property in Multiple States:
Without a plan: Your family must go through probate in every state where you own property, including your residence and additional states.
With a will: Probate is still required for properties in all states where you have assets.
With a trust:
Probate is avoided entirely, no matter the state.
Your successor trustee gains immediate control to manage, sell, or distribute the property as outlined in your trust.
Owning Property in a Foreign Country:
You must consult with a lawyer in the country where the property is located.
U.S. lawyers cannot assist with foreign property laws, which vary and can be complex.
It’s essential to have plans for both U.S. and foreign properties to ensure everything is handled according to your wishes.
This video is for informational purposes only. As always please get professional help before making decision on how to protect your assets.
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