Many South Africans hold offshore investments, foreign property or global business interests. But cross-border assets can create estate planning risks if wills are not properly aligned. A small clause in one will can unintentionally revoke another will in a different country. The result may be delays, extra costs and outcomes that do not reflect the client’s wishes.
In our latest Fiduciary Insights article, Elbe Thatcher, Fiduciary Specialist at Private Clients by Old Mutual, explains why cross-border estate planning needs careful review and coordination.
Holding assets offshore is not the risk. The risk is when the estate plan does not keep pace.