Regulation (EU) No.650/2012 (the Succession Regulation)1 will become fully effective from 17 August 2015 and change private international law (PIL) for estates and administration throughout most of the EU. Although the Succession Regulation will not apply in Denmark, Ireland or the UK, its effects over property in the remainder of the EU and for persons domiciled there will be far-reaching.
While the Succession Regulation is becoming more widely understood, there are a number of issues that are not yet clear and that have uncertain effects. Richard Frimston, partner and head of the private client group, highlights the issues.
This article was first published in STEP, December 2014.
Speak, friend, and enter - STEP - December 2014.pdf