4. Foreign Assets Can Become Your Ontario Executor Headache
Wouldn’t it be nice to travel to the Caribbean? What if the estate contains assets in another province, state or country?
Is There a Will for Foreign Assets?
Will you have the time and ability to manage assets in another jurisdiction? You may not be familiar with local law or language.
Will you have to look for and hire a lawyer to re-probate the will in another jurisdiction?
How much time will this take out of your life? Is it worth it?
Check with a lawyer in any foreign jurisdiction to see if local executors must be appointed. In that case, your burdens may be lighter.
Read about how to avoid other Ontario executors’ headaches in my pandemic blog or get my free report Suddenly You’re An Ontario Executor.
Posted In: Executors On: May 11th, 2020