Review your estate plan when you move across state lines
When you make a move out of state, be sure to review your estate plan with an estate planning attorney in your new domicile, as trust and estate laws have some differences from state to state. In most states, the probate court will recognize a will from another state.
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Q: What problems may occur from moving across state lines?
A: Your new place of residence might place restrictions on executors from out of state. It's also possible that your new medical provider or bank won't adhere to powers of attorney drafted under another state's laws. -
Q: What is the difference between common-law property state and community property state?
A: One big issue is whether you're moving from a common-law property state -- which is the case in most states -- to a community property state, or vice versa. In a common-law state each spouse's separate property obtained during marriage remains separate, while in a community property state assets acquired during a marriage are jointly held by both spouses.
