Writing a Will and leaving assets to overseas beneficiaries

Discussion in 'Legal Issues' started by paulF, 29th May, 2019.

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  1. paulF

    paulF Well-Known Member

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    28th Jun, 2015
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    Hi guys,
    I plan on writing a Will leaving everything to the family in case i cark it a bit early but they are all overseas and none of them is an Australian Citizen like myself.

    Just wondering if there are any gotchas with leaving assets to overseas beneficiaries.

    I need to do the same for Super too as i don't have any nominated beneficiaries on there too.

    Cheers
     
    paulF, 29th May, 2019
    #1
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Yes tax issues, e.g. CGT event k3
    there is also the practical side too
     
    Terry_w, 29th May, 2019
    #2
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  3. Ross Forrester

    Ross Forrester Well-Known Member

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    If you have assets in another country you should have a will prepared in that other country to deal with the assets.
     
    Ross Forrester, 29th May, 2019
    #3
    paulF likes this.