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Lost in translation

The holistic approach required when ensuring that an international client's assets are correctly bequeathed leaves little room for error, cautions Sarah Sarwar

6 November 2015

Increasing international migration and globalisation means it is no longer uncommon to have individuals who accumulate assets in multiple countries during their lifetime. Protecting both family and personal wealth requires more care and planning than ever before, and as every case is unique, it is vital that an individual's worldwide assets are looked at as a whole when planning their international estate.

It would appear that while many wealthy international families are setting up their 'base' and/or are increasing their level of investment in the UK, few appreciate the implications that this may have with regard to the succession of their estate.

Applicable law in England

The first issue is to establish which legal system will govern each part of an individual's assets. Under English law, it is generally the domicile of the indi...

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