I am an American living in Japan, and I’m wondering how I should set up power of attorney, Living Will, etc. All of my personal investments are in the US, and I don’t plan on bringing them here, and I am a long-term stock holder, so I have no yearly capital gains to report. If I understand correctly from what I have read and heard in other places, a power of attorney and executor in the US would be sufficient to distribute those investments correctly if I were to die early. Does this sound correct?
As for a Living will, would I need one document filed in each country? My wife and I have two children, both under the age of five, so if something were to happen to us, we would like to designate one of my family members in the US as their legal guardians. What would be the process for legally establishing that so it would be recognized in both countries?
by patrushka22