Globalisation has not had a good press recently. Did it begin as a result of the ending of the Bretton-Woods agreement in 1971 and the subsequent abolition of exchange controls which in the UK occurred in 1979?
The ability to purchase property in other states and the freedoms within the EU pioneered in the Maastricht Treaty increased the trend of ever larger numbers of citizens moving, studying, working or retiring abroad. Brexit may reduce the speed of this increase, but is perhaps unlikely to reverse it.
The private client consequences of elderly people living in a different state to that of their families, are that there are increasing numbers of cross-border estates both during lifetime and on death. The conflicts issues are particularly complex.
Richard Frimston examines the private client consequences of elderly people living in a different state to that of their families.
Cross-border incapacity: where are we now? is available to read in the digital edition of the Journal of Elder Law and Capacity which is free to download on the Law Society website.
Richard is a consultant in the private client team.
He advises clients in relation to their estate planning, wills, probate and tax planning issues and offers Notary Public services. Areas of expertise include cross-border estates and international private law issues.
Richard is ranked in Chambers HNW (2020) as a senior statesperson for private wealth law and private wealth law with foreign expertise.