COMPLEX ESTATE PLANNING HANDLED EFFECTIVELY
Many of our clients are nationals of one country, residents of another, and property owners in third; we provide them effective estate planning and estate administration.
Thousands of people each year do not make adequate provision for what happens to their estate when they die, resulting in disputes and arguments that cause stress and trauma that could have been easily avoided.
At Adam Global, we specialize in helping expats plan for the future through advice and guidance on cross-border aspects of estate planning. We assist resident aliens and non-resident aliens in preparing various estate planning documents and succession planning advice through:
- Preparation of effective wills
- Advice on succession planning
- Advice on Offshore trusts and foundations
- Maximizing benefits of Cross-border estate tax treaties
- Minimizing the impact of inheritance tax
- Probate administration
Our team includes qualified and experienced lawyers who have an extensive expertise on estate and succession planning projects in a variety of cross-border civil and common law jurisdictions. We also work closely with tax advisors to liaise with tax officials and practitioners in each particular country involved. Our global presence in over 100 cities around the globe enables us to effectively advise our clients with property in most major jurisdictions and many other smaller countries. We also specialize in Offshore Trust or Foundation formation , which is highly effective for estate planning, tax mitigation and asset protection.
Quite often, we are asked to help correct situations that have arisen after the death of a business owner. There is often only a limited amount of corrective work that can be done at that stage. Therefore it is always advisable to carry out necessary planning during the owner’s lifetime so as to avoid the problems, costs and liabilities that might otherwise occur.
Proper estate planning takes far less time and effort than most people think, and the peace of mind you get is completely priceless.
Over 50% of people die without making a will. If you risk dying intestate (i.e. without a will) you leave a very uncertain future for your family, friends and business partners.
Leaving uncertainty, expense and probate delays would not be a welcome legacy for those left behind.
What happens to your estate will depend on your will – A legal document that:
- Decides who Inherits what – If you don’t name your beneficiaries, the Government decides.
- Appoints Executors – people you know who you can rely on to deal with the estate
- Nominates guardians for your minor children – If you have children who are below the legal age to live alone, appointing a guardian is essential to care of them in the event of your death. If you fail to do so the authorities will do so on your behalf, in the way they see fit.
- Specifies any gifts for specific people and charities – You can state exactly how the remainder is to be distributed
- Reduce/avoid Inheritance tax –Inheritance tax is the tax you pay on your estate. Writing a professionally drafted Will allows you to significantly reduce or even eliminate the amount of inheritance tax your estate pays.
- Records wishes about funeral arrangements
Many people also assume that in the event of their death, their estate will automatically be left to their partner or dependents; this is not always a certainty.
Take action and secure your wishes by writing your Will today