Andy Kirby looks at how the EU's Green Paper on succession and wills and assesses how it could affect the way advisers work with clients owning offshore assets
We, in the EU have never been so mobile. We can now live and work in any EU state benefiting from each country's healthcare, education and social services. With access to all of this, it is no wonder that the EU is trying to provide some standardisation across a wide number of areas. One such area, which has largely gone unnoticed thus far, is a Green Paper on succession and wills. Although far from being agreed upon, the implications need consideration now because illiquid assets such as businesses, residential and commercial property can take many months - and possibly years - to change...
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