Podcast: Everything Monaco residents need to know about wills, inheritance and powers of attorney

Raphaëlle Svara, Partner at CMS Monaco and co-head of the Private Clients team, joined Monaco Life’s Cassandra Tanti to discuss the complexities of wills and succession planning in the Principality. With litigation increasing in recent years, Svara reveals why inheritance disputes can be more brutal than divorce, how Monaco’s unique legal system interacts with international laws, and the practical steps residents should take to protect their estates.

Raphaëlle Svara, Partner at CMS Monaco and co-head of the Private Clients team

Podcast Timestamps

  • 1:18Do you see that there is a lot of contesting of wills?

  • 4:03No one can foresee how their family will react after death. What else should people be thinking about?

  • 4:40What makes Monaco’s legal system so unique?

  • 9:31So there are instances when Monaco law can be overruled?

  • 10:02What should people be considering when drafting their wills?

  • 11:20You mentioned a law change in 2017. Tell us more about that.

  • 12:00There are a few different types of wills. Can you talk us through them and how they work?

  • 14:00For someone who has moved to Monaco from abroad, what kind of will would you recommend and why?

  • 15:20If someone has just arrived in Monaco, what is the first thing they should think about with regard to estate planning?

  • 16:49For people with more than one nationality, how do they handle succession planning if they haven’t chosen which country’s law should apply?

  • 19:10Monaco has forced heirship rules. Who are the ones primarily affected by this?

  • 19:47Even if someone has made a clear choice in their will, can it still be challenged? For example, if a spouse is left out?

  • 20:47Tell us about lasting powers of attorney — what are they and why are they becoming more important in Monaco?

  • 25:20How often should someone update their will?

  • 26:47What are some practical things people can do to ensure their will stays valid and easy to access?

  • 27:07Writing a will can be emotional. How do you help clients navigate that personal side of the process?

  • 28:50If you could give one final piece of advice to international residents in Monaco about wills and succession, what would it be?

See more: 

Podcast: Getting a divorce in Monaco with CMS Lawyer Raphaëlle Svara

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