A group of global inheritance and succession experts have formed the International Succession Network (ISN).
ISN will assist individuals, family offices and other professional advisers on international succession matters around the world.
The network assists private individuals who want to plan their succession efficiently, both from a legal and tax perspective, as well as individuals or advisers who need assistance in succession proceedings, claims or wish to defend inheritance rights.
It will pool together the knowledge and skills of succession advisers around the world to help families find the right solution.
Will planning, succession agreements, trusts and generational business transfers are just some of the tools the network can employ to ensure the transition of assets across generations.
The initial membership consists of Italian notaries Remo Bassetti and Arrigo Roveda, French notary Caroline Deneuville, Swiss notary Gilles Benedick and English solicitor Mara Monte, partner at Withers.
In the coming months, ISN plans to announce new members in Spain, Germany and the US and is enlisting other succession advisers in other key locations to bring together a select group of notaries around the world.
ISN said: “More than one million families worldwide deal with succession issues each year and, despite the implementation of the European Succession Regulation in 2015, international succession continues to be complex and raises many difficulties for families.”