Jonathan Burt is quoted in the Financial Times on Gulf families' approach to succession planning
min readWealthy families in the Middle East are increasingly looking beyond domestic succession rules when structuring the transfer of international assets, particularly where they wish to take a more gender-balanced approach to inheritance.
English wills and trust structures can offer greater flexibility for families seeking to manage complex cross-border estates, protect daughters’ interests and address the practical challenges created by increasingly global next-generation family members. However, the effectiveness of these structures can depend on the location of assets, domicile and the risk of challenge from heirs.
The Financial Times reports that Gulf families are showing growing interest in English law arrangements as a way to moderate the application of sharia inheritance rules to assets outside their home jurisdictions. Geopolitical uncertainty is sharpening focus on estate planning and asset-holding structures.
Jonathan Burt, Partner in the International Private Client team at Charles Russell Speechlys, comments in the Financial Times about how the war in Iran has encouraged Gulf families to "slightly concentrate minds on asset-holding structures and planning".
Read the full article in the Financial Times here (subscription required).
