WILLS:
South Africans are increasingly spreading their international wealth footprint. They are seeking exciting investment opportunities, they want to buffer their exposure to political risks in SA, and their families are finding new opportunities abroad.
It is always better to spread your assets from a risk point of view, but having said that, the cost and consequences must be carefully weighed because every jurisdiction has a different legal system. There are major differences between the succession laws in each country, and the way assets are administered after death and the tax rules affecting the estate will differ.