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Our latest Axis Masterclass "Choosing the ideal asset
protection and/or estate planning structure: Trust or
Foundation" was held on 30 November 2021. Mr. Assad
Abdullatiff, delivered a highly insightful masterclass where he
provided an in-depth break down of the core components of the Trust
and the Foundation structures as asset protection and estate
planning tools.
Watch our latest Axis Masterclass to learn more about the
structure that is more suited for your succession planning
needs.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
A BVI grant of probate, or letters of administration, is required to validly deal with BVI assets held by a deceased person. This is most commonly required for shares in a BVI company (or other entity).
This is particularly recommended for individuals who are not domiciled in the BVI, as the application of private international laws can otherwise have unexpected consequences at the time of death.
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