When property is owned in more than one legal jurisdiction or country, it is vital to review your planning arrangements and wills.

Here are some of the issues;

·          Through failing to properly or fully instruct, or by taking no action at all, in the belief that you remain resident in your original country of choice, can make your estate extremely complex,

·          This can be very costly to administer, and also costly from the point of view of taxation.

·          Therefore the amount you have to distribute to your beneficiaries would be vastly reduced. 

Dispelling some of the myths associated with international estates

·          A very common misconception is that estate duties/inheritance taxes are dealt with in the same manner as at ‘home’ or in accordance with your nationality regardless of where in the world you are at the time of death. This is absolutely not the case.

·          Many countries have a prescribed legal hierarchy of inheritance, often favouring the male bloodline, which must be complied with if the estate beneficiaries insist. This is also called forced heirship, and in essence means that in such countries, planning for death is essential.

·          Other considerations are that in many countries, the inheritance tax threshold is very much lower than what you may be used to. In some European countries, it is as low as the equivalent of approximately £15,000.      

How we can help

·          We can provide you with the professional services of our resident expert.

·          We can provide you with a plan for the future.

·          We can assist in providing you with all the relevant structures to meet the legal requirements.

·          We can if required provide a full range of financial services in relations to accounting practises.

·          We can assist in dealing with the HMRC.

·          We can provide you with the relevant information therefore simplifying the issue.

Our commitment to you

·          The services will be tailor-made to suit your requirements.

·          We will ensure that you meet the legal requirements in the relevant jurisdictions.

·          We will provide the most cost effective solution.

·          We will keep you informed at all stages of the process.

·          We will provide an expert and professional service.

·          Your best interests will be our first concern.