Houston Estate Planning and Elder Law Attorney Blog
One of your first considerations should be where to keep your money. When you move abroad, you will most likely need to open a bank account in the new country in order to pay local bills.
An increasing number of people are retiring on foreign shores. If you’re thinking about retiring abroad, then there is much to dream about and also much to plan.
The romance of the move aside, retiring abroad has an appeal not limited to wanderlust. It can mean lower cost of living, more favorable healthcare costs, taxation benefits, and a whole new lifestyle. But since retiring abroad means planning to move internationally, planning your retirement and, yes, planning for your eventual estate, it’s no small step. You’ll very much need to look into your future home and the laws that exist there, and work with competent counsel to guide you back here in the States. To help you in thinking about the transition and the steps to take to make the dream a reality, there is a helpful recent exposition in ElderLawAnswers titled “Things to Consider Before Retiring Abroad.”