Worldwide or multiple wills?
Working and investing offshore creates a need for proper estate planning
More and more South Africans travel, work and invest in different parts of the world, resulting in them holding offshore bank accounts, investments, shares in private companies, furniture and motor vehicles, and sometimes even fixed property in other countries.
While the focus of families is often on the creation and preservation of wealth, asset protection and taxes, estate and succession planning may be left aside. Many people never consider what will happen to these assets at their death as a last testament and will drafted in SA may not necessarily be applicable, appropriate or enforceable in other jurisdictions...
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