Foreign Wills
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Does your Will cover assets overseas?
Each country has different inheritance and tax laws. Nowadays, it is much more common for people to have assets in different jurisdictions, whether that be a holiday home in France, a bank account in the USA or investments in Japan. If you are living in Scotland and have assets abroad, it is important that your assets both in Scotland and abroad are protected.
Having a Will in another country where your assets are held ensures that your wishes are given effect to and can minimise any delay in dealing with estate administration upon your death.
The most important thing is that there is co-ordination between your Scottish Will and your foreign Will – you do not wish your Wills to end up in conflict with each other. You may wish different people to inherit different assets and so it’s important that each asset in each jurisdiction is inherited by who you wish.
Whilst we can prepare your Scottish Will, we work with trusted partners to ensure that you can also have a foreign Will put in place to fully reflect your wishes and ensure your estate is protected
Expert legal advice from a trusted source
It is extremely important to consult a solicitor whose expertise can ensure that your assets will be dealt with appropriately; no matter where they are in the world. Our experienced and caring team are on hand to discuss your personal requirements. We can assist by creating a bespoke Will to engaging with solicitors across the world to ensure you have the correct Will(s) in place. Without doing this, it is highly unlikely that your wishes will be followed and your foreign estate may well be left to those you wouldn’t choose.
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Frequently Asked Questions
We can help every step of the way.
- Ensuring your wishes are followed concerning your assets after death
- It can make life easier for those you leave behind
- You can provide for vulnerable beneficiaries and children
- You can nominate a guardian to look after your children
- A Will could help you plan for your Inheritance Tax obligations
Dying without a Will (intestate) can make things more complicated and stressful for those left behind because the law decides who gets what, and often this is not in keeping with your wishes. This can be a very impersonal, time-consuming, and expensive process.
We recommend you review your Will every 3–5 years, especially if your circumstances have changed. If, for example, you get married, divorced, move in with a new partner, have children or grandchildren, receive an inheritance, or if the executor, beneficiaries, or guardians named in your existing Will die, you should update your Will as soon as possible.
Executors are the people you appoint in your Will (usually a friend, family member, or someone you trust) to manage your estate, following your wishes for the future. You can have more than one executor. We can act as an executor for you if you like. Our experienced team promises to handle all your personal affairs with the professionalism, dignity, and respect you deserve. Your Will is personal and unique to you, which is why our service is bespoke.
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