How Brexit Could Impact Estate Administration?
On the 24th July 2019, Boris Johnson officially started his new reign as Prime Minister, which now means he’ll be leading the UK out of the European Union (EU) on 31st October 2019. There is currently still plenty of uncertainty about how the country will leave the EU, so it got us thinking about how it will impact the legal industry.
Title Research’s latest article, therefore, explores how the UK leaving the EU will impact the estate administration process and legal sector in general. The article focuses on how the following areas could be affected by the inevitable Brexit:
- More complications when dealing with overseas assets
- Fluctuations in currency exchange rates
- Travel limitations could impact those adopting the DIY estate administration approach
- The impact on legal practices
This article was submitted to be published by Title Research as part of their advertising agreement with Today’s Wills and Probate. The views expressed in this article are those of the submitter and not those of Today’s Wills and Probate