Succession planning

Succession planning is one of the main reasons why clients establish a trust. From a practical perspective, it could be quite a challenging task to inherit property located abroad applying domestic succession laws. This could represent a significant problem for wealthy families with great international exposure and various types of assets spread across the globe. That’s where trust is undeniably a needed tool and can become an inter-generational, dynastic instrument. 

Family assets transferred to a trust are not subject to the national inheritance laws. Besides, costly and time-consuming cross-border probate procedures are not applicable as well. Therefore, trust assets remain accessible and controllable without interruption otherwise imposed for the probate period.