eprivateclient

Time to review succession planning for French assets?

Lisa-Jane Dupernex, legal director, Charles Russell Speechlys, 24/11/2021

A controversial new law came into force in France on 1 November 2021 to apply, under certain conditions, French forced heirship rules even where a will specifies a foreign legal system should apply.  This could have significant consequences for some UK residents with French assets.

Under the law of England and Wales, a testator has free choice as to the recipient(s) of their estate, subject only to limited powers of the court to make provision for a limited class of people in certain circumstances.  By contrast, domestic French law puts in place rigid rules as to who may inherit from someone’s estate and in what propo...


Continue reading this article...


Start a free trial now for access to breaking news of the regulatory environment and legislative change happening in wealth management.







You are currently not logged in,
login to view the full article
start by clicking this button.





Need a subscription,
fill out the form here or
contact subs@eprivateclient.com


About PAM

PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.

Read more about PAM

Subscribers

eprivateclient is the leading website and news service for private client practitioners, including lawyers, accountants, trustees and fee-based IFAs.

Read more