David Draisey discusses succession planning in multi-jurisdictional families in TheWealthNet
David’s comments were published in TheWealthNet, 8 November 2023, and can be found here.
David Draisey, Partner in our Litigation & Dispute Resolution department, highlights the growing complexity of succession planning for multi-jurisdictional families.
Recent high-profile will disputes have underscored the legal and practical challenges that arise when family members, assets, or legal documents span multiple countries. These cases often involve intricate questions around which country’s courts should hear the dispute, how foreign judgments are recognised, and how conflicting legal systems interact issues that can significantly complicate estate administration and inheritance outcomes.
For private client advisers, these challenges emphasise the importance of proactive, cross-border planning. Ensuring clarity in testamentary documents, understanding the implications of different legal systems, and anticipating potential jurisdictional conflicts are all essential to avoiding costly and emotionally charged litigation. As families become increasingly international, advisers must be equipped to navigate the legal nuances of multiple jurisdictions to protect their clients’ wishes and minimise the risk of disputes.
