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A ticking time bomb

How can advisers protect their clients' international assets under the spectre of increasing diminished capacity, asks Donna Withers

22 April 2015

There has been much media discussion in the past decade about the ageing population and the resultant rise in age-related diseases. The substance of the debate has been about how this issue will be tackled at government and individual level, both financially and in terms of care provision.

This state of uneasy affairs has understandably often been dubbed as
'a ticking time bomb'. There is a further layer to this bomb which results from modern globalisation and particularly,
the increase in ageing internationally mobile people.

I am talking about the cross border conflict of laws concerning the assets of vulnerable adults. The ticking has now stopped and the bomb is about to detonate, with private client advisers beginning to consider the fallout.

The status quo

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