You may have been appointed as Executor in a person’s Scottish Will or, if no Will, by the Courts in Scotland. However, things can become complicated when you realise that the estate contains assets in England or even abroad. The process for dealing with an estate which crosses many areas around the world can seem very daunting.
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You may have been appointed as Executor in a person’s Scottish Will or, if there is no Will, by the Courts in Scotland. However, things can become complicated when you realise that the estate contains assets in England or even abroad. The process of dealing with an estate that crosses a number of areas around the world can seem very daunting.
Our firm’s international network contains solicitors from all corners of the world meaning you don’t have to worry. Wherever an asset is held, we can help guide you through the entire process and remove all of your stresses. Assets abroad can include property held abroad, bank accounts, shares and investments.
Depending on the type of asset abroad held will determine how the estate is administered. Often, the laws of the country where an asset is held will determine how that assets is dealt with which can make foreign assets challenging. However, with our network of fellow professionals, we can assist with all sizes and complexity of estate to ensure that all assets are dealt with; whether here or abroad.
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Foreign assets can include property held abroad, bank accounts, shares, and investments. The type of foreign asset will determine how the estate is administered. Often, the laws of the country where an asset is held will determine how that asset is dealt with, which can make assets abroad challenging to deal with.
However, with our network of fellow professionals, we can assist with all sizes and complexity of estates to ensure that all assets are dealt with, whether here or abroad.
If a deceased person left a Will, this may make provision for dealing with any foreign assets they had. However, in most cases where property was held abroad, there will likely be a foreign Will (in addition to the Scottish Will). This is because each country’s laws are different when it comes to dealing with estates.
If there was no Will left at all, any property held abroad will be dealt with in accordance with that country’s laws. We work with solicitors across the world who can easily advise on the specific rules of the appropriate country.
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