Among my friends, there are an increasing number of families for whom ‘home’ or even ‘nationality’ is a sticky topic. Parents who were born in the UK but live elsewhere are raising their children as UK citizens even though many have never set tiny foot there. For partners and couples who are different nationalities, the complexity increases yet further, as children are raised bridging cultures, languages, identities and borders. Where is ‘home’?
These international families accumulate assets wherever they reside. They will have multiple states laying claim to their citizenship. They will have family and friends spread across the globe. Cross border estate planning in these circumstances has its unique challenges, the biggest of which is often – who and where?
For further advice on planning your legacy for a cross border family, please contact Wills World Wide.