French Inheritance
Wills
and French Inheritance law
Another aspect of buying
property in France are the different French inheritance wills and French
inheritance law. Unlike
in the UK your partner will not automatically inherit your un-willed
assets.
You cannot even
assume that you can make French
inheritance wills under
which your partner will inherit everything. French
inheritance law is not that easy.
GET
ADVICE on French
inheritance wills and French inheritance law
from your Avocat!
It is in fact just a way
of ensuring that your French
inheritance wills do not disinherit
your children.
Worthy
French inheritance law
- but rather a complicating one,
especially for anyone with children from more than one relationship.
Divorce and children
from previous marriages make a complicated situation positively freudian.
There are almost always
ways to arrange French
inheritance wills and inheritance law to
your satisfaction-
BUT ONLY
ARRANGED BEFORE YOU SIGN THE FINAL CONTRACT OF COMPLETION!
In France, for
example, French inheritance
wills and inheritance law means that 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 French
property company'- an SCI in France- to own your property
is the only way to remove your property
from these French
inheritance wills and inheritance law.
Setting up a French property company
involves costs of its own, and
will also affect the taxes to be paid if you sell or when you die.
YOU DO
NEED PROFESSIONAL ADVICE HOWEVER LIMITED YOUR BUDGET!
TO
INFORMATION ABOUT THE LEGAL PROCESS
