Estate planning – ensure your family is properly looked after

French succession laws could mean hefty tax bills await your heirs if you do not plan inheritance carefully

There are four key components for your financial planning: managing your savings and investments, tax planning, protecting your pension funds and, last but not least, estate planning.

Estate planning always needs careful consideration, but even more so if you live or own assets in France. French succession tax works very differently to UK inheritance tax and some of your heirs may lose more than half their inheritance to tax.

Succession law imposes a ‘forced heirship’ regime – an alien concept if you have been brought up understanding that you are free to leave your estate to the beneficiaries of your choice.

The first step with succession planning is to consider how you want your assets passed down to your family and heirs. The rules vary depending on who the beneficiaries are, so your solutions need to be tailored for your family.

Succession ...

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