What if I Move to Another State?

Estate planning is based on state law, which means moving to another state can have important implications for your existing estate plan. Whether you're relocating permanently, splitting time between two homes, or considering retirement in another state, it's important to understand how these changes may affect your planning. In this episode of Wealth and Wisdom with Irina, estate planning attorney Irina Shea discusses what happens when you move to another state and why it may be necessary to review and update your estate plan along the way. Topics discussed include: • Why estate planning documents are governed by the laws of your state of domicile • How moving to another state may affect your estate plan • Why owning real estate in multiple states can create additional planning considerations • What ancillary probate is and why many families seek to avoid it • How Revocable Living Trusts may help address out-of-state property ownership • Why probate laws vary significantly from state to state • When it may be appropriate to update or completely restate your estate plan after relocating • Why it's important to work with an estate planning attorney licensed in your new state of residence Estate planning is not one-size-fits-all. Life changes, such as moving to another state, are excellent opportunities to revisit your estate plan and ensure it continues to reflect your wishes while complying with the laws that govern it. To learn more or schedule a complimentary consultation, visit https://www.irinashea.com/our-process To download our companion PDF handout, click here: https://cdn.b12.io/client_media/GZ0cj... Disclaimer: This video is provided for educational purposes only and does not constitute legal advice. Viewing this video does not create an attorney-client relationship. Please consult with an attorney regarding your specific circumstances.