How Does Out-of-State Real Estate Affect Estate Planning?
Estate planning is an essential tool for any individual who has assets and real estate, especially if they wish to protect those assets during their life and pass them on to beneficiaries. Estate planning can encompass several different legal documents, but it can quickly become complex if you have a significant number of assets or a complicated estate. Probate courts only have jurisdiction over property located in that state. If you own real estate in multiple different states, this can further complicate your estate plan. However, planning for these issues is much less complex than failing to make a plan.