Do I need Last Will & Testament in both countries?

[Phillyboy]

Hello,

I became a tax non-resident from Canada 20 years ago. Last year I obtained US citizenship so I'm now a US/Canadian dual citizen. I have two questions:

1. My husband (US Citizen) and I are doing estate planning now including our Last Will & Testaments. Do I need to have a separate Will filed in Canada? I no longer live there. My only asset is the funds in my RRSP account.

2. Will it be better to withdraw RRSP and transfer the money to my US account? e.g. take out <CAD 5,000 per year (15% withholding tax rate)?

[juliaadams43463]

Managing inflammation has always felt like a never-ending cycle of medications and temporary relief. https://ways2well.com/blog/how-stem-cel ... ffectively presents a different perspective by explaining how stem cells can actually reduce inflammation naturally. It’s really promising to see medicine moving toward solutions that focus on healing rather than just suppressing symptoms. This could make a real difference for so many people.

[nelsona]

The very term "last will...", implies there is only one. It is best if it is drawn up in the jurisdiction that one currently lives in, and -- in you case -- would need to take into account any cross-border issues that you can foresee.

But having two wills can easily be contested, especially when clauses differ. And remember you EACH would have a will.
As to simplifying by selling a last remaining small asset in Canada, this would seem logical.
I would keep a small bank account and no fee credit card however, to handle the occasional CDn transaction.