Practically Speaking - Succession planning and BVI assets

In our eighth episode, Transactional Partner Rachel Graham and Senior Associate within Ascentiums’ Private Wealth team, Matthew Howson discuss the following:

• What happens when a non-resident holder of BVI shares passes away, whether they held the shares absolutely or via a nomineeship?
• How to bridge the gap between the law of the BVI company and the law of the deceased’s home jurisdiction: covering some near-universal misperceptions.
• What works to ensure that BVI assets and shares are transferred directly to beneficiaries, and what doesn’t.
• Provisions necessary for nominating a reserve director for a BVI company holding vehicle, in the event that the sole individual shareholder and director passes away.

Find out more about succession planning for BVI companies here.

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