Jennifer Fox
Partner | Legal
Cayman Islands
Partner
Cayman Islands
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Guide
02 April 2024
British Virgin Islands
ON THIS PAGE
For individuals domiciled outside of the British Virgin Islands, a separate will covering BVI assets can simplify the probate process – as well as providing certainty over who administers the estate, over the distribution of assets on death and offering a cheaper solution.
BVI law distinguishes between movable or personal assets and immovable or real estate assets. Moveable assets include such items as money, furniture, jewellery, cars and paintings as well as intangible assets such as shares and insurance policies.
The moveable assets that most commonly need to be accessed in BVI following the death of a non-domiciled person are shares in BVI companies.
If you are domiciled outside of BVI, you do not need to prepare a separate will covering your BVI personal estate if you already have a valid will covering your worldwide personal estate, but there can be significant benefits from doing so.
Jennifer Fox
Partner | Legal
Cayman Islands
Partner
Cayman Islands
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Anthony Partridge
Partner | Legal
Cayman Islands
Partner
Cayman Islands
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Giorgio Subiotto
Partner | Legal
Cayman Islands
Partner
Cayman Islands
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Ben Harle
Senior Associate | Legal
Cayman Islands, British Virgin Islands
Senior Associate
Cayman Islands, British Virgin Islands
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