Handling probate can be stressful, especially when there are assets in another country.
If you’re managing an estate in Oro Valley, Arizona, here’s a clear and simple guide to help you handle foreign assets during probate.
1. List All Foreign Assets
Start by listing every asset that’s located outside the U.S.
This may include:
- Real estate in another country
- Foreign bank accounts or investments
- Business ownership or company shares abroad
Having a full list helps make probate smoother and avoids confusion later.
2. Learn the Rules in That Country
Each country has different inheritance and probate laws.
You might need to work with a lawyer in that country to legally transfer, sell, or claim ownership of the assets.
3. Know the Tax Requirements
Some foreign assets are taxed in both countries.
Consult an accountant who understands international tax laws to make sure all payments and filings are correct.
4. Decide What to Do With the Assets
After all legal and tax matters are handled, the assets can be:
- Transferred to heirs
- Sold and converted into U.S. dollars
- Managed through an international account, if allowed
5. Work With Local Experts
If the estate also includes a home or land in Oro Valley, having a knowledgeable local Realtor helps make the process easier.
Talk to an Oro Valley Probate Real Estate Expert
If you’re handling probate that includes real estate, Ryan Comstock, a trusted Realtor with eXp Realty, can help.
He works with Oro Valley families to manage and sell inherited or probate properties.
📞 Phone: 520-261-4669
📧 Email: ryancomstock@ryancomstock.com
🌐 Website: www.ryancomstock.com