Creating or Amending Wills and Trusts
When it comes to your finances, few things are as important as securing your wealth and assets. Wills and Trusts are an important means for wealth preservation and allow you to pass wealth on to family members, now and when you die. Owning assets in different countries can greatly complicate the probate and succession process. The different laws and taxes around the world mean that international probate can be much more complicated and time-consuming. However, we are experienced in advising clients with the regards to the drafting and construing of wills and international probate issues, and the interplay between the succession laws of involved countries when administering an international estate.
We can help to provide you with:-
- Advice on UK asset protection during your lifetime and on death, including the use of trusts
- The drafting of a valid English Will for assets that are situated in the UK; and advise you on Will writing for your permanent home country or where other assets are situated
- Advice on the inheritance and succession laws of England and Wales in relation to property you own that is situated here
- Advice on the validity and terms of an International Will subject to the inheritance tax regime and succession law of England and Wales.
Some examples of international clients we have recently provided multi jurisdictional wills and trusts advice to:
- Advising Trustees of a UK resident Trust with multi-jurisdictional beneficiaries regarding trust administration
- Advising a French Administrator on the Intestacy rules of England and Wales and administering the UK estate of a Canadian national who died intestate domiciled in France;
- Advising beneficiaries of a multijurisdictional estate resident in the USA with regards to the UK estate
- Construing the Will of an Austrian Will resident in the UK and applying for a Grant of Representation in England and Wales to administer the UK assets.
|Clive Pointon – Chester Office
Partner & Head of Wills, Trusts & Tax