6 ways to protect foreign assets when planning an inheritance.

An article about how more and more people describe themselves as "global citizens" and acquire property abroad has been around for over 4 years.

Owning international assets makes inheritance and tax planning more complex. Here are six important issues to consider.

It is important to have an experienced team of advisors who can help you navigate all aspects of the process and structure your assets according to the laws of the country where they are located.

Don't forget to familiarize yourself with local laws and consult with local lawyers to understand how they will affect your estate and tax plans.

It is also important to fully disclose all your assets to your lawyer so that they can assess the tax implications of transferring assets through inheritance.

Depending on the location of your assets, it may be better to create two separate wills, one for foreign assets and one for American assets.

In the case of foreign property, you will have to deal with issues related to the translation and understanding of the foreign will by local authorities.

Also remember that as a U.S.

Your lawyer will be able to advise you on the tax implications for your foreign assets and possible agreements with the relevant country that could help reduce your tax burden.

Regardless of whether you inherited foreign property or purchased it as your vacation home, it is important to consult with your advisors to navigate the legal and tax challenges of property ownership.