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Protect your family from French succession tax

There are various aspects to consider when you move to France, particularly if you are retired and plan to spend the rest of your days there.While financial planning for your new life will be high on the list, you also need to take some time to think about estate planning and protecting your heirs from succession tax (inheritance tax) and France’s strict succession law.

French succession tax works differently from UK inheritance tax. While your children can each receive €100,000 tax-free, for other relatives and non-relatives (such as step-children) the allowances can be very low and tax rates very high. Likewise, French succession law dictates who you have to leave much of your estate too, so your succession planning needs to be specifically set up for your family situation and wishes.

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