A change in Probate procedure brings to an end a long history of swearing of Oaths by executors in order to prove Wills, and marks another step forward in the process to make Probate applications digital. Probate is an area of law which can generally be relied on to be unchanging from decade to decade. …
Making effective use of non‑resident trusts requires ever greater knowledge and skill in today’s complex world. Our Private Client team has long been involved in providing co‑ordinated advice on the structuring, re‑structuring and administration of offshore trusts for both UK and non‑UK based clients, advising settlors, trustees and beneficiaries.
We increasingly find our clients’ affairs have an international dimension with which we can help:-
UK resident and domiciled clients:
If you own assets abroad, marry a foreign national or leave the UK temporarily or permanently, we can help steer you through the difficulties of foreign succession laws (including ‘forced heirship’ rules which oblige you to leave your estate to specific relatives), marital property regimes, and the interaction ofUK and foreign tax systems.
Non‑resident and/or non‑domiciled clients:
If you are moving to, or leaving, the UK, we can advise on your residence and domicile status for UK tax purposes, help you plan your move, including restructuring asset holdings, creating trusts and setting up segregated bank accounts to take full advantage of any favourable tax treatment you may be entitled to, such as the remittance basis. We can advise you as your status changes, and if you are likely to become subject to the remittance basis charge, or ‘deemed domiciled’. When you wish to leave the UK, we can advise you of the steps you need to take to avoid remaining within the UK tax net.