We discuss the various aspects that you should consider from a family and inheritance or succession perspective when deciding which matrimonial regime to elect (or whether to create another type of agreement), including what will happen by default if you do not select any.
The Guardianship (Missing Persons) Act 2017, more commonly known as ‘Claudia’s Law’, came into force on 31 July 2019 and will allow a guardian to be appointed to manage the affairs of a missing loved one.
On Tuesday 31st October, the UAE government introduced a new law (Law No. 15 of 2017) which officially recognises that non-Muslims with assets in Dubai can register a Will in English under ‘internationally recognised common law’.
Many modern trusts are fully discretionary. The trustees might be empowered to apply the trust assets “...for such one or more of the beneficiaries, in such shares, at such ages, and on such trusts as my trustees shall, in their absolute and uncontrolled discretion, decide".
The Worldwide Disclosure Facility (WDF) opened on 5 September 2016 and gives people a final chance to come forward and clear up their tax affairs before HMRC begins to receive information under the OECD’s Common Reporting Standard (CRS) in 2017.