By O’Sullivan Estate Lawyers
Most individuals consider purely domestic estate matters to be complex and challenging. Add another country into the equation and the legal complexity quickly multiplies.
Families and assets are increasingly on the move around the globe. Family members may reside far apart from each other, with common ties to assets and relatives in a home country. Members of high net worth families may live locally but own real estate, businesses and other assets in various countries.
These situations require careful estate planning and administration. Laws, legal processes, timelines, taxation, reporting requirements and appointments of fiduciaries can differ vastly from one country to the next.
If you are a testator, beneficiary or legal representative involved in planning or administering an estate that falls under a jurisdiction outside of your own, it’s critical to seek skilled legal advice.
Over the years, we have advised numerous clients in high-value, complex and cross-border/ multijurisdictional estate matters. As recognized thought leaders in trust and estate law including cross-border and multijurisdictional succession issues, our lawyers can efficiently identify key issues and needs. We can then coordinate an effective plan with financial advisors, tax specialists and legal advisors in other jurisdictions.
O’Sullivan Estate Lawyers, Toronto
