Why multi-jurisdictional families can cause succession planning issues – Nicola Bushby comments
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Following a number of high profile will disputes in recent months, Partner, Nicola Bushby was asked to comment in eprivateclient on the challenges brought by multijurisdictional aspects of litigation and how this raises potential challenges relating to the forum a case is held, recognition of foreign rulings and conflict of laws.
Nicola Bushby said: “I can’t emphasise enough the importance of investing time and money to get it right in the first place. While it’s tempting to leave things to chance, this only increases the risk of a post-death dispute. This will harm your legacy and cost the estate far more than if you’d planned properly in your lifetime.”
She goes on to say: “Find a litigator, who can spot what the other side really wants. It won’t always be obvious. But when litigation is unavoidable, you need a lawyer adept at navigating cross-border challenges. You want the star conductor of an orchestra of international advisers.”
Read the full article in eprivateclient here (paywall).