Friday, June 16, 2017
There was once a time when a Central London practice would rarely encounter clients with cross-border concerns. Even then, these issues usually only dealt with a vacation home in Spain or France. Now, it is difficult to find clients that do not have some legal matter that is void of an international dimension. And, despite this growing trend, inheritance taxes and succession law has not kept pace with the growth in cross-border connectivity. In order to mitigate some complexities associated with succession involving international concerns, there are a few simple steps to take. These steps may range from keeping international links up-to-date, distinguishing between assets types, and appointing trusted persons to be executors.
See Kingsley Napley, Wills and Inheritance: 10 Cross-Border Tips, Lexology, June 14, 2017.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.