Moving to live in a new jurisdiction frequently results in a person having assets in the old country as well as the country in which s/he is now residing.
For example, many who move to Australia from the UK retain ownership of a let property in the UK, while also having assets in Australia.
In such circumstances it can make sense practically and from a cost perspective to have a Will in the UK that deals with UK assets, with a separate Will dealing with all assets save for those located in the UK.
In due course this will make the securing of probate by one’s executors easier, and less costly compared with the situation where there is one Will which has to be re-sealed in the other jurisdiction.
Our associates at Hall & Wilcox Lawyers have specialists who can assist with the preparation of Wills in the UK and in Australia.
Consideration of the preparation of Powers of Attorney is also recommended at this time.