July 5, 2018
According to our research, European high-net-worth individuals regard tax as the most important reason for having a wealth transfer plan.
But with the rise in international mobility, understanding how to manage your assets whilst remaining tax compliant and efficient cross-borders is no easy task.
After 45 years as a tax resident in France, raising two children Filipe and Manuela, Pedro and Maria Ferreira are entering a new chapter in their lives, retirement and relocation home to Portugal. For Pedro, his requirements for his financial plan are clear – he needs a flexible and tax-efficient solution to consolidate his assets and facilitate his eventual cross-border succession. The OneLife solution for the Ferreira family is even clearer – a co-subscription of a whole-of-life Portuguese life assurance policy by Pedro and Maria. This policy would cover both their lives and protect their wealth to support their children when the couple pass away.
Discover it all through this video
More and more retirees and entrepreneurs are choosing to change location to enjoy such benefits as a warm climate and a more relaxed pace of life. These Sunseekers often choose the Iberian countries to relocate to. OneLife has experts for these jurisdictions who can help in cross-border situations whether those in question decide to stay in their new country or return to their country of origin. With in-depth knowledge of the tax and legal implications of moving from France to Portugal, our wealth planners can provide a solution which best fits the needs of the newly mobile Ferreira family.
To dive deeper into how life assurance overcomes the complexities of cross-jurisdictional succession, read our #Success in #Succession e-Book => here and check out our => Succession Checklist !
Source: OneLife & Scorpio Partnership
