For many decades, our international solicitors has assisted personal representatives based in Australia or New Zealand to administer foreign assets.
How can our international solicitors assist you?
If you are an executor or administrator of an estate based in Australia or New Zealand, you may be faced with the challenge of administering a foreign asset, which requires a foreign court authority, certificate of succession or notarial declaration. The following are examples of cases that we regularly assist with:
- Estates where the deceased was born in the UK, but later emigrated to Australia or New Zealand – leaving assets in the UK. If the asset is located in England or Wales, we can assist with resealing the Australian or New Zealand grant of representation;
- Estates where the deceased was born in Australia or New Zealand and acquired assets in the UK either through work or as an investment;
- We also regularly assist executors and administrators based in the UK to administer assets located in Australia or New Zealand.
Handling a wide variety of these types of cases has enabled our firm to develop a strong network of contacts throughout both Australia and New Zealand.
Can our international solicitors assist with assets located outside of the UK?
Outside of England and Wales, an asset may be located in the Republic of Ireland, Jersey, Guernsey or the Isle of Man. All of these jurisdictions are independent of the UK and we are here to help guide you through the separate processes that need to be followed to administer assets located in these islands.
Beyond the British Isles, we specialise in administering assets located in the USA and Canada. We are also enrolled as a provider of medallion signature guarantees, which may be required to administer the assets located in the USA or Canada.
Depending on the type of asset that requires administering, we can also assist in France, Spain, Portugal, Belgium, the Netherlands, Germany, Switzerland and Luxembourg.
If you have been entrusted to administer an estate by way of an election issued in Australia or New Zealand, we can assist with the unique application formalities that are required when using the election document to apply for either a reseal or a full grant application in England.
Planning for the future
We act for many clients from Australia or New Zealand who have invested on an international basis and we frequently prepare offshore Wills (also known as international Wills) to cover their foreign assets.
Unlike Australia and New Zealand, the UK still has inheritance tax. So if you or your client holds assets in the UK, we are here to calculate if a UK inheritance tax exposure exists and, if so, how it can be mitigated.
If you require assistance with any of these areas, we would be delighted to assist and you are welcome to contact Oliver Phipps, who is a Partner and the head of our International Private Client team.