Estate Planning for Internationally Minded Families
The current climate of large international businesses results in estate planners having clients that are from one country, living currently is the U.S., and facing the possibility of moving again at an indeterminate time. This creates unique challenges for the estate planner. It is important for the planner to help with planning in the current state of residence, such as setting up a living trust and naming a guardian for any children. Many globe-trotting families will also have property and assets in the country they moved from, which makes it important for a U.S. estate planner to coordinate with an attorney in that other country that is planning for those assets as well.
See Ian Holzhauer, International Estate Plans, Tailored Estate Planning, March 17, 2015.