The German American Estate Plan?You Say Tomato and Ich Sag Tomate
Max Riederer von Paar
The German–AmericanEstate PlanYou Say Tomatoand Ich SagTomateBy Max Riederer von Paar Estate planning for German citizens who are U.S. domiciliiarie can be a challenging task. Concepts familiar to the U.S. estate planner may not work if the client is a German citizen or has German beneficiaries. Different Systems The legal systems for estate planning in both countries are very different and seemingly incompatible: • Germany does not recognize the probate estate as a separate entity, as generally...