APR, BPR and Pensions: A call for clarity and fairness
In the 2024 Autumn Budget, the UK government announced changes to agricultural property relief (APR), business property relief (BPR) and unused pension funds. STEP, the global membership body for inheritance advisors, recently submitted two consultation responses to the government’s draft Finance Bill 2025-26 clauses outlining these reforms. In both responses, STEP is clear: the government’s proposed […]
Cross-border probate: Strategic considerations for professional advisors managing international estates
The globalisation of wealth has fundamentally transformed estate administration. High-net-worth individuals and corporate entities routinely maintain diversified asset portfolios across multiple jurisdictions, encompassing equity holdings, real property, investment accounts, and business interests. When death occurs, the resulting cross-border probate requirements present substantial compliance, fiscal, and operational challenges for professional advisors, trustees, and institutional executors. This […]