Over the last 20 years, more and more people have bought property outside of the UK as a holiday home. Other people have assets in countries or jurisdictions such as Guernsey, Jersey and the Isle of Man which often need to be dealt with when somebody passes away.
At Butcher & Barlow we are able to offer expert advice as to the best way to deal with the international assets in your Will. We will provide advice on linking this with a Will you may have in that particular country to ensure that neither Will is revoked by the other. We will also ensure that the best possible planning is put in place taking into account the differences in the law in each of the different jurisdictions involved.
Upon death, we are also able to assist with the administration of the Estate working in conjunction with Lawyers in different countries so that all assets are either cashed in or transferred to the relevant beneficiaries as smoothly as possible.
If you have assets in a different country planning is essential to ensure that your family can deal with them as easily as possible on your death.
Often the issue of domicile is one which is in dispute with HMRC as this can impact on the level of inheritance tax payable by an Estate. Receiving expert and comprehensive advice in the planning stages can help resolve some of these issues and deal with potential problems at the outset.
For more information regarding the Administration of Estate, and the potential costs involved, please see our Probate page.
Please contact one of our expert Lawyers listed below who will be happy to arrange a meeting to discuss your personal requirements further.