How to factor Foreign Property into your Will

Owning your own overseas property is usually the result of years of hard work, meaning it’s essential you factor this into your will to ensure it ends up in the right hands. There are a number of questions that can surface in relation to overseas property and assigning it to someone when you’re gone; however, it can often be dismissed or forgotten if you’re unfamiliar with the processes involved. Some things you should consider are:

  • Decide how much your overseas assets are worth – in order to distribute your estate overseas, it’s important to understand the value of it before you leave it to be shared out in your will.
  • Your English will may not be eligible to cover your property abroad – it’s worth getting legal advice in relation to the type of property you own abroad as many countries have forced heirship rules.
  • Keep an eye on foreign inheritance laws – a review of your existing will may need to take place as you might be affected by changes.
  • Being aware of your domicile – you could be faced with Inheritance Tax complications if your domicile is not clear.

How Forbes Solicitors can help With our team of expert solicitors at Forbes Solicitors, we will be able to advise as to the best way of handling foreign property for you.  For more information get in touch with one of our Wills, Probate, Tax & Trusts Solicitors.

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