Why do Cook Islands trusts continue to be referenced in serious asset-protection planning discussions? In this episode, we break down the core legal protections that distinguish Cook Islands trusts from other offshore structures—and why they are often considered the gold standard in high-risk asset protection planning.

We focus on what is actually written into law, specifically under the International Trusts Act 1984, and how these principles operate in practice.

🔎 In This Episode, You’ll Learn:

Cook Islands law contains a statutory prohibition on enforcing foreign judgments against:

• The trust

• The trustee

• The protector

• Trust assets

Judgments from jurisdictions such as the U.S. or UK are not recognised. Creditors must start again—from scratch—in the Cook Islands under local law, dramatically increasing cost, complexity, and uncertainty.

Any creditor seeking to unwind a transfer into a Cook Islands trust must prove their case beyond a reasonable doubt—the criminal standard of proof.

This is significantly higher than the civil standard commonly applied in other jurisdictions, making successful challenges extremely rare.

Claims to set aside a transfer must be brought within:

• Two years from the date assets were transferred into the trust, or

• One year from when the creditor’s cause of action arose,

whichever occurs later.

This narrow window severely limits the ability of future or unknown creditors to bring claims.

Together, these provisions:

• Increase leverage in settlement discussions

• Reduce exposure to aggressive litigation

• Protect assets from retroactive claims

• Reinforce the importance of early, compliant planning

This episode provides a clear, legal-focused explanation of why Cook Islands trusts are often used in advanced asset-protection strategies—while emphasizing that timing, intent, and compliance remain critical.

Portugal’s high level of vacant housing continues to attract political and public attention—but what is actually happening at policy level? In this episode, we explore the government measures currently under discussion, what has (and hasn’t) been decided, and why uncertainty remains.

🔎 In This Episode, You’ll Learn:

National and municipal authorities recognise that long-term vacancy affects housing availability, affordability, and urban regeneration—particularly in high-demand areas.

Authorities are actively discussing:

• Fiscal instruments, including potential tax-based incentives or penalties

• Property mobilisation policies aimed at bringing vacant homes back into use

• The role of municipalities in identifying and addressing long-term vacancy

However, these discussions are still evolving.

Despite ongoing debate, no fully consolidated national legislation has been finalised to comprehensively address vacant housing across Portugal. Existing measures remain fragmented and, in many cases, locally driven.

Given the fluid policy environment, property owners, investors, and advisors should closely follow official communications and legislative developments—particularly through government channels and the housing ministry.

This episode provides a realistic snapshot of where Portugal stands today on vacant housing reform—helping listeners separate policy discussion from enacted law and prepare for potential future changes.

Estate planning in Portugal follows a civil law tradition that places strong protections around family inheritance rights. In this episode, we explain how forced heirship works, why it matters, and what it means for anyone preparing a will that involves Portuguese assets.

This is a crucial topic for international families, property owners, and advisors navigating cross-border succession planning.

🔎 In This Episode, You’ll Learn:

Portuguese law protects the mandatory share of certain heirs—known as legitimate heirs. These rights are enshrined in the Civil Code and cannot be freely waived.

While wills are recognised and useful, no will can override forced heirship rules. Any testamentary provisions that infringe the mandatory share of legitimate heirs may be reduced or invalidated.

Forced heirship typically protects:

• Spouses

• Descendants

• Ascendants

Their reserved portion must be respected regardless of the testator’s intentions.

Certain estate planning mechanisms do exist—but they must:

• Fully comply with Portuguese civil law

• Respect forced heirship entitlements

• Be carefully structured and documented

In international estates, planning must also take into account:

• Applicable conflict-of-law rules

• Interaction between foreign wills and Portuguese mandatory provisions

• EU succession rules, where relevant

This episode provides essential clarity on the limits of testamentary freedom in Portugal—and why informed, compliant planning is critical to avoiding disputes and unintended outcomes.

When inheriting property in Portugal, taxes are often a major concern—especially for international families. In this episode, we clarify how Stamp Duty (Imposto do Selo) applies to inherited property, who is exempt, and why compliance matters even when no tax is payable.

🔎 In This Episode, You’ll Learn:

Portugal does not impose a traditional inheritance tax. Instead, inheritances fall under Imposto do Selo, generally charged at a flat rate of 10% on the value of assets transferred by inheritance.

The following beneficiaries are typically exempt from paying the 10% Stamp Duty when inheriting property:

• Spouses

• Descendants (children, grandchildren)

• Ascendants (parents, grandparents)

While the tax may not apply, reporting obligations still remain and must be fulfilled.

Heirs who are not direct family members—such as siblings, nieces, nephews, or unrelated beneficiaries—are commonly subject to the 10% Stamp Duty.

Even exempt heirs must:

• Declare the inheritance

• Comply with filing and documentation requirements

• Ensure property registrations are correctly updated

Failure to do so can cause delays, penalties, or issues with future transactions.

This episode provides a straightforward explanation of how Stamp Duty affects inherited property in Portugal—helping heirs and advisors avoid surprises and stay compliant.

When inheriting property in Portugal, understanding the costs involved is just as important as understanding the legal steps. In this episode, we break down the typical fees heirs can expect when completing a habilitação de herdeiros and transferring or registering inherited property.

🔎 In This Episode, You’ll Learn:

According to official fee schedules published on gov.pt, a straightforward habilitação procedure generally costs in the low hundreds of euros.

This typically applies when:

• The estate is simple

• Heirs are in agreement

• No complex asset division is required

Fees rise when the process also involves:

• Partilha (formal division of assets among heirs)

• Property registration updates at the Land Registry

• Multiple properties or heirs

These combined procedures can significantly increase overall costs.

Beyond official state fees, heirs should also expect potential costs for:

• Notarial services

• Certified translations

• Apostilles for foreign documents

• Legal advice or representation, especially in cross-border estates

The final amount depends heavily on the complexity of the case and whether foreign documents or disputes are involved.

Having documents prepared in advance and ensuring alignment among heirs can reduce delays—and help keep costs under control.

This episode provides a practical, realistic overview of what heirs can expect financially when dealing with inheritance and property transfers in Portugal.

When inheriting property in Portugal, taxes are often a major concern—especially for international families. In this episode, we clarify how Stamp Duty (Imposto do Selo) applies to inherited property, who is exempt, and why compliance matters even when no tax is payable.

🔎 In This Episode, You’ll Learn:

Portugal does not impose a traditional inheritance tax. Instead, inheritances fall under Imposto do Selo, generally charged at a flat rate of 10% on the value of assets transferred by inheritance.

The following beneficiaries are typically exempt from paying the 10% Stamp Duty when inheriting property:

• Spouses

• Descendants (children, grandchildren)

• Ascendants (parents, grandparents)

While the tax may not apply, reporting obligations still remain and must be fulfilled.

Heirs who are not direct family members—such as siblings, nieces, nephews, or unrelated beneficiaries—are commonly subject to the 10% Stamp Duty.

Even exempt heirs must:

• Declare the inheritance

• Comply with filing and documentation requirements

• Ensure property registrations are correctly updated

Failure to do so can cause delays, penalties, or issues with future transactions.

This episode provides a straightforward explanation of how Stamp Duty affects inherited property in Portugal—helping heirs and advisors avoid surprises and stay compliant.

Portugal is often described as facing a housing shortage—yet walk through many towns and cities and you’ll see countless empty homes. So what explains this apparent contradiction? In this episode, we unpack the structural, legal, and economic reasons behind Portugal’s high number of vacant properties.

🔎 In This Episode, You’ll Learn:

A significant number of properties remain empty because they are tied up in:

• Ongoing inheritance proceedings

• Disputes between heirs

• Delays in probate or property registration

Until these issues are resolved, homes cannot be sold, rented, or occupied.

Many vacant properties are not abandoned at all—they are:

• Second or holiday homes

• Used seasonally rather than year-round

These properties appear vacant in census data despite being privately owned and maintained.

Some homes are:

• Held purely for long-term investment

• Registered for short-term accommodation and not occupied permanently

• Awaiting market conditions or regulatory clarity before being brought into use

Older housing stock, particularly outside major cities, often requires significant renovation before it can be lived in—leaving many properties temporarily or permanently empty.

National census data confirms substantial vacancy levels, sparking ongoing public and policy debate around housing supply, taxation, and urban regeneration.

This episode offers context and clarity to a widely discussed issue, helping listeners understand why vacancy in Portugal is often driven by structural and legal factors—not simply by neglect.

When international families own property or other assets in Portugal, one critical question often arises: Will a foreign will be recognised under Portuguese law? In this episode, we clarify how Portugal treats foreign wills—and why careful estate planning is essential to avoid unintended outcomes.

🔎 In This Episode, You’ll Learn:

Portuguese law formally recognises public wills and closed wills, each with specific formal requirements.

Foreign wills may be valid in relation to Portuguese assets, provided they meet applicable legal standards and do not conflict with mandatory Portuguese rules. However, recognition alone does not always guarantee a smooth succession process.

In many cases, it is prudent to:

• Prepare a Portuguese will limited to assets located in Portugal, or

• Carefully coordinate dual wills (one Portuguese, one foreign)

This approach can significantly reduce administrative delays and legal uncertainty.

Portugal has forced heirship provisions, which can override testamentary intentions expressed in foreign wills. Without proper coordination, these rules may lead to outcomes very different from what the testator intended.

International estate planning is not just about will validity—it’s about compatibility, coordination, and compliance across jurisdictions.

This episode provides practical guidance for internationally mobile families and advisors navigating succession planning involving Portuguese assets.