Do you own overseas assets? If the answer is yes, then you need
to make sure you have the correct will or the right asset plan in
place.
Why? Suppose you are an Australian citizen who owns assets in
both Dubai and Australia. You have an Australian will but
haven't made a United Arab Emirates will. If you were to die,
your overseas assets may not be distributed in accordance with your
Australian will, or your wishes.
Probate may not be granted for overseas assets in an Australian
will
Did you know that your Australian will might only deal with your
Australian assets?
While the executor can be granted probate in each Australian
state where you hold assets, it cannot always be granted or
re-sealed overseas.
