Globe World Flags Globalization and Blurred Borders, Part One: Succession
Although international borders are becoming blurred where people, money and commerce move across the world with ease and dual citizenship is commonplace, there are still at least two areas where the lines on maps remain clear: taxes and succession. The more peoples' personal and business lives become globalized, the more important it is for them to be aware of both tax and succession consequences. This article will deal with succession; a subsequent article will deal with taxes.
November 07, 2023 at 10:00 AM
8 minute read
International borders are becoming blurred to a point close to disappearing. People, money and commerce move across most of the Western world with unprecedented ease. The nationality of corporate entities is increasingly conjectural. Businesses manufacture, buy, sell, finance themselves and operate on a global basis. Dual citizenship for individuals is increasingly common. Families consisting of spouses and children of different nationalities are no longer considered unusual. What is true internationally is also true with respect to interstate personal and business interactions.
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