Q: I am moving abroad Indefinitely. What should I do to protect my land holdings?
I am moving in a few weeks.
A: I would recommend hiring a very competent attorney that you trust to pay taxes and maintain the properties. Do not hire a crook. It may be advisable to hire two people. You will also need someone else such as a relative to check on the properties and report back to you. Estate Planning may be in order before you leave the country. Update your contact information frequently. At least one attorney should be local to most of the tracts.
A:
Moving abroad indefinitely requires careful planning to ensure your land holdings remain secure. Start by reviewing your property documents and updating any wills or estate plans to reflect your new circumstances. Appoint a trusted person or a professional service to act on your behalf, handling any necessary decisions related to your property.
Ensure that your property is well-maintained by hiring a reliable property manager. They can oversee maintenance, collect rents if applicable, and address any issues that arise in your absence. Additionally, make sure all insurance policies are up to date to protect against potential risks such as natural disasters or vandalism.
Stay informed about the local laws and tax obligations related to your land holdings. Regularly communicate with your property manager and review financial statements to keep track of any changes. By taking these steps, you can have peace of mind knowing your land is well-protected while you embark on your new adventure abroad.
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