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Wills and succession planning

International Estate Planning

Estate planning can take place during lifetime, or at the time of death. In today's global society, many individuals have an international aspect to their affairs on account of where they or their families choose to live and/or where their assets are situated.  If you can relate to any of these scenarios it's important that you seek advice from an experienced international estate planning lawyer to ensure that you understand how you will be affected by tax and to consider your succession planning.

Our experienced team understands the tax and succession issues which affect individuals who have chosen to live or work in a different country or who have assets in different jurisdictions. We will help you plan ahead, ensure you comply with any tax requirements and give you peace of mind that you and your family are protected.

Is this you?

 

Clear advice

We will consider your individual circumstances and advise on the following:

  • Your UK tax and domicile status
  • Your exposure to UK income tax, inheritance tax and capital gains tax and your obligations to report to HM Revenue & Customs
  • How best to structure your affairs and hold your UK assets
  • Your Will and Power of Attorney. We will prepare a Scottish Will and Power of Attorney for you where that is advised, ensuring those tie in properly with any foreign Will(s) and Powers of Attorney you may have or may need to have put in place
  • The administration of your estate after death.

If you are based abroad, we can consult with you via telephone, Skype or Facetime, at a time which is convenient for you.

Why choose Morton Fraser

Our experienced team acts for clients who are based all over the globe and we understand the tax and succession as well as the practical issues which apply.  We aim to make the whole process straightforward and hassle free for you and your family.

We will communicate with you in plain English and where advice is also needed in other countries, either work with your existing overseas lawyers and other advisers or we will introduce you to advisers in other jurisdictions. We will co-ordinate any  foreign advice which is needed countries so you don't have to deal with different lawyers and other advisers.

By choosing Morton Fraser you will also have access to our specialists in other teams who are experienced in advising international clients. Our residential property team can help with the sale, purchase or transfer of any property interests you may have in the UK and discuss how Scottish and UK taxes will apply to the property transaction. You will also have access to our wealth management team who can help with the restructuring of your assets and advise on pension and retirement planning. Our expert team of immigration lawyers are also on hand to help solve any immigration issues quickly.  We also have international family law specialists who are experienced in advising on prenuptial and cohabitation agreements as well as advising on complex international divorce cases.

Our approach to fees

We want to provide our clients with fixed fees.  That can be quite difficult to do unless we properly understand your individual circumstances, and what we need to do for you.  We don't want to compromise the work we do for you or the service we deliver, by offering a headline grabbing fee quote, which we don't then deliver on.

Our approach to feeing is therefore to meet with you, and to establish your objectives.  The cost of this meeting, which will include a review of your assets, succession planning and your tax situation, will be £270 + VAT.  The cost of this meeting will be deducted from any fee for work which follows.  For clients based overseas, this meeting can take place by telephone.

At this meeting, we will provide you with an estimated fee for carrying out the work, and we will not go ahead with that work unless you have approved that fee quote.