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Smart planning helps administer worldwide assets

Friday, March 09, 2018 @ 8:35 AM | By Martina Zanetti and Esther Oh

It is more common than ever for individuals to relocate or to own assets outside the province or country in which they reside. These connections to different jurisdictions should be taken into account when creating an estate plan. With careful planning, the time and cost efficiency in administering a multi-jurisdictional estate may be improved, and the benefits to the estate and its beneficiaries may be significant.  

Which law applies? 

Determining which law of succession will apply, and to which property, is critical. In some circumstances,...