The famous legal maxim “Give that which is yours while it is yours; after death it is not yours" is quite apt as should the worst happen, your bank account and assets could be frozen and it can be months before your partner can access your shared wealth, at a time when they need it most.
Once reserved for the uber-wealthy, an offshore bank account is viewed by many expats in location as a necessity to provide security and peace of mind.
Put simply, it's the name given to a bank account in a different jurisdiction to where you currently reside. With offshore banking comes a much greater choice and options allowing you to select an account in a location that suits your individual needs whilst having access to a range of interest rates, incentives and something about security.
GWM use UK Crown Dependencies or territories with similar protection and the same transparent regulations. This allows us to offer tax efficient investments and savings with high levels of investor protection which gives peace of mind to our clients.