A Home Abroad
essential unbiased information for buying overseas property

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Please visit our sister site FRENCH PROPERTY FOR LESS for over
40 pages of information about buying a house in France.

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Another aspect of buying property abroad are the different inheritance laws.
Unlike in the UK your partner will not automatically inherit your un-willed assets.

You cannot even assume that you can make a will
under which your partner will inherit everything.
It is not that easy.

GET GOOD ADVICE FROM YOUR LAWYER!

It is not a question of a foreign government taking over your investment-
it is usually just a way of ensuring you do not disinherit your children.

 

A worthy cause- but rather a complicating one.

Divorce and children from previous marriages make a complicated situation positively freudian.

There are almost always ways to arrange things to your satisfaction-

BUT ONLY IF ARRANGED BEFORE YOU SIGN THE FINAL CONTRACT OF COMPLETION!
 

In France, for example, without any action, your partner could be forced to sell up and move out
if one of your children (by your present or any previous marriages)  wants the property sold when you die.

This can be avoided by buying 'en indivision' or 'en tontine'.

The children will still co-own with the surviving spouse-
but they cannot sell up and throw them out.
 

 

Setting up a 'company'- an SCI in France- to own your property
is the only way to remove your property from these inheritance laws.
This involves costs of its own,
and will also affect the taxes to be paid if you sell or when you die.

BUT YOU DO NEED PROFESSIONAL ADVICE!
 

TO INFORMATION ABOUT THE LEGAL PROCESSES