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Old Feb 9th 2008, 2:20 pm
  #46  
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Default Re: Estate Planning and Wills

Originally Posted by candy wy.
You can avoid probate. I have not had to go through probate, this may depend on which state you live in. with good estate planning you can minimize taxes. think you have it the wrong way round.. probate is only a way of changing ownership, this can be done in a number of ways..
I was talking about UK probate is the process all Wills should go through in order for execution. In the UK it has nothing to do with changing ownership it is a legal proceedure
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Old Feb 9th 2008, 2:27 pm
  #47  
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Default Re: Estate Planning and Wills

Originally Posted by Thydney
PEOPLE YOU CANNOT HAVE TWO WILLS THE LAST ONE WILL INVALIDATE ALL OTHERS
A lot of jurisdictions do not recognize another jurisdictions
wills ..
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Old Feb 9th 2008, 2:30 pm
  #48  
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Default Re: Estate Planning and Wills

Originally Posted by Ray
A lot of jurisdictions do not recognize another jurisdictions
wills ..
Even so it would still invalidate the other there are ways around this but you can only have one Last Will and Testament.
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Old Feb 9th 2008, 2:34 pm
  #49  
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Default Re: Estate Planning and Wills

Originally Posted by Thydney
Even so it would still invalidate the other there are ways around this but you can only have one Last Will and Testament.
In each jurisdiction per one lawyer ... but I don't really know
I believed him...
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Old Feb 9th 2008, 2:35 pm
  #50  
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Default Re: Estate Planning and Wills

Originally Posted by Thydney
Even so it would still invalidate the other there are ways around this but you can only have one Last Will and Testament.
You can have 2, one for your US assets, one for UK.
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Old Feb 9th 2008, 2:39 pm
  #51  
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Default Re: Estate Planning and Wills

Originally Posted by Boiler
You can have 2, one for your US assets, one for UK.
No you are wrong. You cannot have two, the last to be signed invalidates all other Wills
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Old Feb 9th 2008, 3:01 pm
  #52  
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Default Re: Estate Planning and Wills

Originally Posted by Thydney
No you are wrong. You cannot have two, the last to be signed invalidates all other Wills
Not necessarily.
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Old Feb 9th 2008, 3:05 pm
  #53  
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Default Re: Estate Planning and Wills

Originally Posted by Boiler
Not necessarily.
I used to be a member of the Institute of Professional Will Writers trust me under English and Welsh law the last one is the valid one.
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Old Feb 9th 2008, 9:35 pm
  #54  
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Default Re: Estate Planning and Wills

Originally Posted by JAJ
With what U.S. visa/immigration status?
And why would a U.S. will be needed if there is not much real property in the United States?
No US visa status, dual nat and USC. So USC in UK as visitor every year (you know, what people try to do here all the time, but cannot).
Assuming we might need one as likely to acquire more sh!t between now and then. Like yer do. Stuff.

Originally Posted by Thydney
I used to be a member of the Institute of Professional Will Writers trust me under English and Welsh law the last one is the valid one.
Fair enough then, but what about America? Do they care about an English will? England doesn't care about US naturalisation do they?
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Old Feb 10th 2008, 3:41 am
  #55  
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Default Re: Estate Planning and Wills

Originally Posted by Xebedee
Fair enough then, but what about America? Do they care about an English will? England doesn't care about US naturalisation do they?
Each jurisdiction (each U.S. state, while in the U.K. England/Wales, Scotland and Northern Ireland are all separate jurisdictions) may have its own rules about whether or not it accepts wills from other jurisdictions.

Don't make assumptions about what is or is not acceptable, and don't listen to off-hand advice from lawyers either (in other words, if it's important, see a specialist and get the advice in writing with reference to the law in that jurisdiction).
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Old Feb 10th 2008, 3:55 am
  #56  
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Default Re: Estate Planning and Wills

Originally Posted by candy wy.
Even with a will it goes to probate. If you want to avoid probate you need to do a estate plan.. a will is not the simple answer..
In general, that's true and why it's a good idea to make sure you have other probate-avoiding devices (living trust, joint ownership with right of survival, beneficiaries for IRAs etc) for your assets. However some states have exemptions to probate for small and straightforward estates.
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Old Feb 10th 2008, 5:00 am
  #57  
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Default Re: Estate Planning and Wills

Originally Posted by Thydney
PEOPLE YOU CANNOT HAVE TWO WILLS THE LAST ONE WILL INVALIDATE ALL OTHERS
Yes you can. It depends on the country that holds jurisdiction over where the will was written. So it's worth having one for UK assets in the UK, and one for the state in which you reside in the US.
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Old Feb 10th 2008, 6:49 am
  #58  
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Default Re: Estate Planning and Wills

Originally Posted by JAJ
Each jurisdiction (each U.S. state, while in the U.K. England/Wales, Scotland and Northern Ireland are all separate jurisdictions) may have its own rules about whether or not it accepts wills from other jurisdictions.

Don't make assumptions about what is or is not acceptable, and don't listen to off-hand advice from lawyers either (in other words, if it's important, see a specialist and get the advice in writing with reference to the law in that jurisdiction).
Totally agree.

Sorry Bob but you're wrong they would try and make sense of your US Will.
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Old Feb 10th 2008, 9:05 am
  #59  
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Default Re: Estate Planning and Wills

Originally Posted by Thydney
I used to be a member of the Institute of Professional Will Writers trust me under English and Welsh law the last one is the valid one.
In that case maybe you can explain in a little more detail why that is the case under the law, and not just make a sweeping statement like that.

Just because you have been involved in this area before does not automatically mean you are right, with respect.

And even if you are right with respect to England and Wales law, does it matter if the property concerned is situated in another jurisdiction with a different viewpoint?
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Old Feb 10th 2008, 11:49 am
  #60  
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Default Re: Estate Planning and Wills

Originally Posted by Thydney
Totally agree.

Sorry Bob but you're wrong they would try and make sense of your US Will.
If the will only included assets in that country, it is still valid, it's only an issue if you have wills over lapping assets, then the last will would be the one, other wise they would still be valid.

Not that I can be arsed to drag this about, but it was one of the things I got sorted out before I buggered off out of blighty covering assets in another country as well as stuff from blighty.
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