Do you dream of packing up and moving abroad? For many Brits, immigrating to a new country is an exciting and amazing prospect. However, in order to make it work, it’s going to take an awful lot of planning.
Moving within the same county is stressful and difficult enough. However, moving to a different country requires a whole new level of planning. Here, you’ll discover some of the main things to consider when moving abroad long-term.
Consider inheritance laws
If your goal is to buy a property to live in overseas, you may need to consider inheritance tax. Different countries have differing laws on inheritance, with some being much more complex than others.
Without fully understanding the inheritance laws in the country you’re moving to, it could have stressful and upsetting consequences for your loved ones. Many children have found themselves involved in long and expensive court battles to get the property left to them, while others have had to go through enforced sales. So, if you do plan on leaving your property to your children or family members, t’s crucial you get to grips with inheritance law.
Understanding the legalities
It’s not just inheritance rules you need to worry about. There are all kinds of legalities you’ll need to familiarise yourself with. For this reason, it’s highly recommended you seek the help of immigration lawyers. They’ll be able to help you understand the legal requirements you’ll need to meet and make the process a lot less stressful.
Just some of the legalities you need to research include taxes, your pension, necessary paperwork such as visas, and money transfers.
Planning your healthcare expenses
In the UK, we’re extremely lucky to have free healthcare available. However, not every country provides the same service. For this reason, you’ll need to understand how much your healthcare costs are likely to be in your chosen country.
It’s a good idea to look into getting medical insurance if you’re moving somewhere which doesn’t provide free healthcare services. This could save you a fortune in the long-term. Just be sure to compare your options before choosing the right insurer.
The above is just some of the most important things to consider when you’re planning a move abroad. Provided you do your research and plan well in advance, there’s no reason why you can’t enjoy a stress-free relocation.