Those planning to move overseas should make sure they make a will before they leave Britain, it has been advised.
Foreign property portal Shelter Offshore said that among all the various personal and financial consideration involved in emigrating, there is a "very real and pressing requirement to write a will".
It stated that writing a will that meets the necessary requirements to be legally binding both in the UK and the new country of residence will prevent any problems for the next of kin.
One difficulty that can be avoided by having such a document is that of those inheriting assets being able to account for their new wealth when the taxman comes calling.
In such a case, Heather Taylor from accountancy firm Grant Thornton told a Daily Mail reader who had invested two inheritances in 2003 to use the documentation provided in the wills to prove to HM Revenue & Customs (HMRC) where the money had come from.
HMRC had been querying the money on the basis that it may be taxable business earnings.
Written by Christopher Evans
Published on: June 19, 2009