Picking up from last week’s blog where I took a look at some things you should consider before traveling to the US this winter, let’s take a brief look at issues relating to US property ownership and US citizens living in Canada.

Owning US Real Property

Given the price of US real estate and our strong dollar, many Canadians are buying or thinking about buying a US vacation property.  If you own or are planning to purchase US real property, you should know whether your Canadian will and POA’s are considered valid in the jurisdiction where your property is (or will be) located.  If anything should happen to you, will your executor or attorney for property be able to deal with your US real property? (more…)