Partner Geoff Kertesz and Associate Catriona Abraham have teamed up with Carey Olsen to prepare a jurisdictional comparison of the legal position around wills and estates in both UK and Cayman Islands.
The document is introduced:
“Estate planning for high net worth clients is increasingly a cross-border exercise: with personal and business interests spanning the globe, close attention must be made to the rules of succession that apply on the passing of family members. As a British Overseas Territory, the Cayman Islands has a very strong connection to England, and it is common for layers to be instructed to assist with the administration of an estate comprising assets located across both jurisdictions. Below, we compare the different laws, procedures, and considerations to be taken into account when assisting with the establishment of a succession plan, drafting wills, and obtaining grants of probate or letters of administration across our borders.”
It covers:
- Rules for succession of property
- Procedures for a valid will
- On death
- Challenges of the will
- Top tips
The document can be accessed here
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