Assets in Multiple Countries – Israel Inheritance Law
Assets in Multiple Countries – Israel Inheritance Law
This article addresses people who have more than one citizenship or assets in multiple countries – Israel and another country. It is advisable to have a will to detail how you would like to distribute your assets, but the question often arises, what should I do if I have assets in more than one country? We discuss this below.
This Series of Posts
Our law office works in a variety of fields, and inheritance law is one of our specializations. This article is one in a long series that discusses different aspects of Israel inheritance law, based on the Hebrew instructions on the Ministry of Justice website under the Registrar of Inheritance Affairs. To read more, see our collection of articles on inheritance issues.
If you have assets in any country and are wondering if you should make a will or want to know how to make a will, see our articles on the topics.
What Should I Do If I Have Assets in Multiple Countries – Israel and Another Country?
While one will is sufficient to detail what you would like to do with your assets, it will need to be probated in more than one location. This process can entail having the will properly translated and going through a number of other bureaucratic procedures that can slow the process if you have one will for assets in multiple countries.
In order to simplify matters, we advise our clients to have a will in each country where they have assets. For example, if married partners come from different countries of origin, the husband from the United States and the wife from Great Britain, and both have immigrated to Israel and have assets in the US, Britain, and Israel, we advise that this couple should have three separate wills.
Contact Us
If you have any questions about having assets in multiple countries – Israel and elsewhere, please contact us.
Advocate Michael Decker specializes in Israel inheritance law and would be happy to discuss this issue with you.
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