Own Assets Abroad? Viberts
Own assets abroad? You may want to review your inheritance arrangements
if you own land in the EU – for example a holiday home – you should be aware of the new Regulation 650 / 2012 which came into force
on the 17th August 2015. Unofficially referred to as “Brussels IV”, it means you no longer have to comply with the inheritance rules of the state where your land is located. Jersey law will apply instead.
As Advocate Christopher Scholefield of Viberts explains, that is just one of the changes that have been made by this new Regulation which has rendered any advice received when you made your current arrangements out of date.