Property Abroad and Investment Property

Property Abroad and Investment Property

For most people, their most valuable asset is often their home and it is often passed through generations.  But how do you gift by will a property you don’t reside in, only partially own or have never even set foot in?

Whether you still have a family home in your country of origin, have invested in student housing in the UK, have a holiday home in France or have bought a new home in your adopted country of residence, all of these properties devolution will be governed by the law of the country in which they are situated.

You will also have to consider the debt attached to any property and how this should be met in the event of your death.  Is there a mortgage on the property?  Do you have insurance in place to cover this debt if you die?  Should your beneficiaries sell the property to cover the debt or is it important to you that the house remains a home?  All of these questions need to be addressed in parallel with the drafting of your will.

So if you have a share of the family home in Wales, a flat in Hong Kong and a beach hut in Indonesia, all of these properties are under a different civil law and will each require a will that meets the legislature of that territory.  It is advisable that these individual wills deal solely with the assets in the country to which they are drafted and that the chain of succession they create is coordinated.  Contact Wills World Wide today for more information on legacy investment property.

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Testimonials

"It was a pleasure to work with Cindy and her team! Even though planning for one’s own death is a...

Jim Swander, CEO, Cambodia

2018-06-05T08:37:50+00:00

Jim Swander, CEO, Cambodia

"It was a pleasure to work with Cindy and her team! Even though planning for one’s own death is a project we all can easily put off, it removed an area of stress in my life. I no longer had to wonder if certain people would be taken care of, or where my money would go. Cindy and I worked through the process and she asked a lot of thought provoking questions. The first draft helped me think a second layer down, and made the will more complete. We finalised with her lawyer, signed, witnessed and put away in a safe place, letting my executor know exactly where to find it. I do not hesitate to recommend Cindy’s services."
"Cindy made the process of making a Will painless and efficient which we really appreciated. She was sensitive to avoid...

Moray Iles, Vietnam

2018-06-05T08:42:23+00:00

Moray Iles, Vietnam

"Cindy made the process of making a Will painless and efficient which we really appreciated. She was sensitive to avoid putting pressure or hassle to complete the Will quickly which allowed us to consider everything in our own time. Best of all, Cindy's professional support and thorough and clear explanation of the laws pertaining to our situation were very helpful. We would look forward to working with Cindy again on documents personal to our family."
"For various reasons, my situation turned out to be quite complicated and I needed two wills (as advised by UK...

Jenny Pearson, Consultant, Cambodia

2018-06-05T07:59:04+00:00

Jenny Pearson, Consultant, Cambodia

"For various reasons, my situation turned out to be quite complicated and I needed two wills (as advised by UK tax specialist) to keep my English and Cambodian assets completely separate. Cindy was able to work through all of that with me and I am confident that I now have everything properly covered."
"Cindy is knowledgeable, approachable, incredibly helpful, and highly professional. She helped me to understand the implications of my requests and...

Jayne Hilton, Engineer, UK

2018-06-05T08:30:28+00:00

Jayne Hilton, Engineer, UK

"Cindy is knowledgeable, approachable, incredibly helpful, and highly professional. She helped me to understand the implications of my requests and was always on hand to offer guidance and support. All in all an excellent service."
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