Goldstein On Gelt

Should dual citizens have one will for assets they own in both countries, or will one will cover their global assets? Albert Goodwin, a New York attorney, speaks with Doug about the importance of Americans in Israel having an Israeli will. Albert has experience with helping people in New York, Miami, and Israel with estate plans. Albert advises, if you live in Israel, to definitely have an Israeli will. There is more red tape involved with trying to use a U.S. will in Israel, as foreign documents and official translations can complicate matters in court. There will be two probate proceedings in each country. A trust can eliminate the need to go to two courts. Are you setting up your children for financial success or failure? When the time comes to pass responsibility for finances to your children, choose who to trust with task wisely. Why do females get a bad rap when it comes to assuming financial responsibilities? Are you responsible for inadvertently propagating the stereotype? To learn more about passing