Estate Planning / Wills

[NANCY GOODWIN]

Have not seen anything ANYWHERE re wills in Ecuador and what happens upon death. How does a U.S. citizen with Ecuadorian resident status handle estate planning and wills? If all property is in Ecuador, is a U.S. will needed and would probate be required there? Is a will in Ecuador also needed, and would this take precedence over a U.S. will? Also are certificates of death issued that would be sufficient for heirs on a life insurance policy in the U.S.?

[COUNTRY EXPERT- SUZAN HASKINS]

A properly prepared will in Ecuador can be accepted in the U.S. However you should know, that, the real estate goes to surviving children and not to a spouse. I am uncertain about death certificates. You may want to address these and any other legal questions you have to an Ecuadorian attorney. Try Roberto Moreno: roberto@morenodidonato.com and/or Santiago Andrade: santiago1397@gmail.com.

Not a subject most of us like to think about, but we should all have a plan in case anything should happen to us…

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