How to circumnavigate the risks imposed from having assets in multiple jurisdictions.
3 reading min
24 Jul 2020
With South African markets providing poor returns in a sustained low-growth environment, there has been a deluge of Investors choosing to move some of their assets offshore.
Investing offshore can lead to unforeseen estate planning consequences, therefore one should consider the practicalities of investing abroad, as they relate to the winding up of an estate in the unfortunate event of death.
Part of this analysis should involve an enquiry as to whether you require a foreign Will if you have offshore assets. If you wish to include the offshore assets in your South African Will, this should involve careful consideration with the guidance of an experienced professional, to assess whether it is a viable option to refer to your worldwide estate when nominating heirs in your estate.
Whilst considering your options, the following practicalities should be taken into consideration:
Whilst the above is not intended to be an exhaustive checklist of your considerations, it does highlight the necessity to engage with relevant industry experts on the estate planning consequences of investing abroad.
09 April 2021
60 viewing min
Emigration, the ins and outs
The webinar was hosted by Flynn Robson, Head of Portfolio Management and Stockbroking, Sasfin Wealth and was joined by Andrew Wellsted, Co-Head of Tax at CMS Tax Law.
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