With effect from 17th August 2015, for all deaths that occur after this date, expatriates from within the EEA will be able to choose the regulatory framework that governs their inheritance, whether the country of their habitual residence, or their country of nationality.
Accordingly, in relation to those nationals from the UK, where children have no entrenched inheritance rights, you can leave your property to whomsoever you wish, provided you prepare a will to that effect, and elect to be governed by UK inheritance laws.
Continue reading “EU Will of Succession”
The threat of disinheritance is also often used as a tool of manipulation. But really, do you want a family member to love you (or visit you, or care for you in your old age) simply because they want a payday?
If you’re not feeling the love — or if you’re dealing with a “rotten egg” — consider making financial decisions that are less permanent. Bert Padell, financial advisor to Hollywood’s rich and famous, recommends that concerned grandparents allocate the wealth through a trust rather than altogether disinherit their children or grandchildren. Furthermore, adds the grandfather of six, if grandparents leave their estate to the grandchildren, skipping over the children, than the estate tax is substantially decreased. Continue reading “The Truth About Disinheritance”