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Should You Have a Separate Will for Foreign Assets? A Guide for Ontario Residents

Own property outside Canada? Learn when Ontario residents should consider a second will for foreign assets, and the risks of getting it wrong.

Wills & Estates6 min readTSLBy the Treadstone Law team · OntarioUpdated 2026-07
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Key takeaways
  • Ontario estate plans already sometimes use more than one will for domestic reasons — a primary will for assets that generally require probate, and a secondary will for assets, like…
  • Lawyers use the word situs to describe where property is legally considered to be located for the purpose of deciding whose law governs it.
  • - To give the local system a document it's built to recognize.

More Ontario residents than ever hold something outside Canada — a vacation property, a foreign bank account, shares in an overseas family business, or an inherited piece of land in another country. When it comes time to write or update a will, an obvious question follows: does one Ontario will cover everything, or should there be a separate will for foreign assets?

There is no single answer that fits every family. It depends on what you own, where it sits, and what the laws of that other country expect. What matters is asking the question deliberately, rather than assuming your Ontario will automatically handles property it may never have been designed to reach.

Why This Question Comes Up at All

Ontario estate plans already sometimes use more than one will for domestic reasons — a primary will for assets that generally require probate, and a secondary will for assets, like private company shares, that generally don't. Foreign property raises a related but distinct question: it isn't about avoiding Ontario's Estate Administration Tax, it's about whether Ontario's legal process can actually move property that sits under someone else's laws.

What "Situs" Means, in Plain Language

Lawyers use the word situs to describe where property is legally considered to be located for the purpose of deciding whose law governs it. Real estate located abroad is almost always governed by the law of the country where it sits, no matter how the will describes it. Other property — bank accounts, business interests, personal belongings — can be more complicated, and the answer isn't always obvious from where you happen to bank or where a company is registered.

Because of this, a clause in your Ontario will saying it covers "all my property, wherever situated" is a reasonable starting point, but it doesn't guarantee that a foreign court, bank, or land registry will simply act on it.

Reasons People Consider a Second, Foreign Will

The Real Risk: Two Wills That Undo Each Other

None of this works if the two wills aren't coordinated. A later will can revoke an earlier one, sometimes more broadly than intended — this is exactly the drafting risk that Ontario's own domestic multiple-wills technique has to manage, and it gets harder, not easier, once a second country and a second lawyer are involved. Each will needs precise language confirming what it covers, and confirming that it does not revoke the other document except as to its own scope.

ApproachPotential advantagePotential drawback
One Ontario will covering worldwide propertySimple to draft and to keep track ofMay move slowly (or not at all) with a foreign institution or registry; local law may still apply regardless of the wording
A separate Ontario will plus a foreign willCan be tailored to the local process, language, and rulesNeeds careful coordination so the two documents don't conflict or accidentally revoke each other

How to Approach This With Your Lawyer

  1. List every asset and where it actually is, not just where you manage it from.
  2. Ask your Ontario lawyer to flag anything that looks like a foreign-situs issue — typically real property, and sometimes business interests.
  3. Get input from a lawyer licensed in that country on how its law treats a non-resident's property and whether a local will is advisable.
  4. Have both documents drafted with matching, careful revocation language, ideally with the two lawyers communicating directly rather than drafting in isolation.
  5. Tell your executor where both original wills are kept, and update both whenever your circumstances change.

Frequently asked questions

Do I need a will in every country where I own something?

Not necessarily. Some assets — jointly held property, accounts with a named beneficiary — can pass outside any will regardless of where they're located. A separate foreign will tends to matter most for real property and significant assets that would otherwise need a local process.

Will my Ontario executor automatically be recognized abroad?

Not automatically. Recognition of authority over foreign property depends entirely on that country's own process, which an Ontario court appointment does not control.

What if I only ever get around to my Ontario will?

Your Ontario will still expresses your wishes, but your family could face added delay or cost getting it recognized for a foreign asset, or find that local law applies a different outcome regardless of what the will says. It's a gap worth closing deliberately rather than by default.

Can my Ontario lawyer just draft the foreign will too?

Usually not directly, since Ontario lawyers are licensed to practise Ontario law. The typical approach is an Ontario lawyer for the Ontario will who coordinates with a lawyer licensed in the other country for that portion of the plan.

This article is general information, not legal advice. Reading it does not create a lawyer-client relationship. Ontario laws, tax rates, and government programs change, and how the law applies depends on your specific facts. For advice about your situation, speak with a licensed Ontario lawyer. Treadstone Law is licensed by the Law Society of Ontario — reach us at 1-844-900-1070 or start a file online.

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