Question 1

Should I move all my investments when I move abroad?

Accepted Answer

No. Moving country does not automatically mean your existing investments need to change. Before making changes, establish whether your current arrangements remain suitable for your new circumstances, tax position and country of residence.

Question 2

Are offshore investments safer for expats?

Accepted Answer

Not necessarily. An offshore investment can still carry significant investment, liquidity, jurisdiction and provider risk. The important question is what you are actually buying and whether you understand the charges, risks and access to your money.

Question 3

Do I need a new Will if I move abroad?

Accepted Answer

You may need to review your Will when you move abroad, particularly if you acquire assets in another country or your family circumstances change. Cross-border estate planning can involve different inheritance and succession rules.

Question 4

What is a Lasting Power of Attorney?

Accepted Answer

A Lasting Power of Attorney allows someone you trust to make certain decisions on your behalf if you become unable to make them yourself. It is separate from a Will, which deals with your estate after death.

Question 5

Should I get independent financial advice as an expat?

Accepted Answer

If you have pensions, investments, property or other assets spread across countries, specialist cross-border advice can be worthwhile. The important point is to use an adviser who understands your circumstances and is prepared to explain both the benefits and risks of any recommendation.

Tag: wills and estate planning

How to Protect Your Money When You Live Abroad

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