cccmedia
3/12/2017 13:24 EST
Expat X moves from the USA to Ecuador, where he buys a condo in Year Two and a car in Year Three and has an EC bank account where his Social Security checks are sent.
He wants to leave a USA will to have his pine box eventually sent to the family plot in upstate New York .. and to distribute his USA bank account funds to surviving family members.
He wants to leave his Ecuador assets, mentioned above, to charities in Ecuador.
Along the way, Expat X finds that the air in his highlands city is adverse to his health -- not enough oxygen, too much bus pollution.
He decides to move to El Retiro, Colombia.
Issue:
His attorney in Ecuador says that when Expat X loses his residency in Ecuador due to time outside the country .. his Ecuador will is automatically invalidated.
Does Expat X have to move and/or liquidate his Ecuador assets in order to have control over the future of the assets / proceeds?
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