Cross-border estate and succession planning
This matter involved giving advice to a non-UK resident and non-UK domiciled individual and his family to ensure a coordinated succession planning strategy across two jurisdictions. This included advice relating to the structuring of Wills (to provide for the most tax-efficient outcome based on differing domicile and succession law scenarios) and lifetime planning to share financial benefits with the younger generations, factoring in the client’s wish to retain an element of control.