Estate planning for expats can be easy, not taxing

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With increasing numbers of people retiring abroad, Fiona Murphy looks at the risks and asks how advisers are tackling estate planning issues for expatriates

It's dull, dreary and the hours of sunlight are getting shorter. No wonder retirees are flocking to live in warmer climes. It sounds idyllic, but many take the plunge before reviewing the potential impact on their estate which could leave their families with a hefty inheritance tax (IHT) bill. So how can advisers ensure their clients' dreams of living abroad do not turn into a financial nightmare for them and their intended beneficiaries? Many are unaware of the risks, or have misconceptions. People often confuse residency with domicile and so believe that once they have moved abroad, UK...

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