On the Move? #2 Your Will and Enduring Power of Attorney
James Marshall
Financial Planner & ESS Strategist advising senior executives and managers in ASX listed companies including mining & resources, health, biotech, pharmaceuticals, technology & construction.
From an estate planning aspect, when working overseas (and particularly if you will be owning assets overseas) the important estate planning issues are your Will and your Enduring Power of Attorney.
Will
There is now an international convention regarding Wills and estate administration, which makes it quite practical in many countries outside Australia to have one international Will to deal with your estate wherever it is situated. This is much simpler than having a Will in each country.
Enduring Power of Attorney
There is no international convention covering the use of an enduring power of attorney. Therefore there are important points regarding an enduring power of attorney when working overseas.
Missed On the Move? #1 Top 5 financial considerations before you go