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GREEK HOMES & WILLS

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GREEK HOMES & WILLS


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Message posted by Dave Aspris on 11 July 2006 at 9:49am - IP Logged Legal Disclaimer Corfu Photos
Dave Aspris
Corfu

Hello All

This may well have been discussed before.....but I have just been advised that we should have a will in Corfu for our home out there to protect it should anything happen to either me or Jacqui my wife!!

Has any of you done this ? and is it a legal requirement?

Any help would be appreciated.

Dave A


Message posted by John and Hilary on 11 July 2006 at 10:33am - IP Logged Legal Disclaimer Corfu Photos
John and Hilary
Corfu

Hi Dave ,

As I understand it , if anything happens to the Male then the estate goes to the eldest son [ if you have one ].....if not then the estate reverts back to the males father [ if alive ].......Only if none of the above apply then the wife takes possesion .

As I understand it then if a will is made in the UK then that overrides the above scenario . I may be shot down in flames over this as I am not 100% sure of my facts .

I don't think that there is a legal requirement to make a will out there as is the case in the UK . Obviously it helps if all is in order should there be an unfortunate incident .

Regards.......J&H 


Message posted by Lynn G on 11 July 2006 at 10:34am - IP Logged Legal Disclaimer Corfu Photos
Lynn G
Corfu
We were certainly advised by our UK will writer that our UK will would specifically not cover property held outside the UK.

At the moment we have not actually resolved the issue, but is a matter still to be addressed.

Lynn


Message posted by Graham T-A on 11 July 2006 at 10:44am - IP Logged Legal Disclaimer Corfu Photos
Graham T-A
Corfu
Our solicitor in Corfu told us that our English will would be accepted in Greece so the same would apply to property in Corfu as property in England. If you died without a will the property is shared equally amongst your wife and children.

Message posted by Ray and Gisela on 11 July 2006 at 12:49pm - IP Logged Legal Disclaimer Corfu Photos
Ray and Gisela
Corfu
 Hi all , aur Solicitor told us the same that if we made out a will in England or Germany it would cover us on Corfu as well ,and if we made out one over their it would only mess things up. may be sum Solicitors think otherwise .

Message posted by 2Tonsils on 11 July 2006 at 1:44pm - IP Logged Legal Disclaimer Corfu Photos
2Tonsils
Corfu
If you die without a will specifically covering your greek property, it can be taken by the Greek authorities as you are dying intestate (without your wishes shown in a will.)

Children can inherit the property but will pay inheritance taxes on the property. It can take years in a court, and other relatives can lay claim to shares in a Greek court.The spouse who survives can be turned out by the children if they inherit and want to sell, or want the house themselves.

You should have a Greek will drawn up, authenticated and translated into English.it doesn't even cost that much to do.Why skimp on a couple of hundred pounds to get a will done when it could cost you thousands if you don't have one?


keep it safe, not in the bank safety deposit box, which will be sealed on your death and may not be opened for months.....

Message posted by km on 11 July 2006 at 8:49pm - IP Logged Legal Disclaimer Corfu Photos
km
Corfu

I was under the impression that the property went to the surviving spouse and then onto the children after said spouse has died but i don't know much about it.    I used to think it was like that here in the UK but someone recently told me that even here in england the spouse does not automatically inherit everything, but that a certain proportion of the estate goes to the children who can, if they wish make their surviving parent sell in order for them to receive their share!!  I was amazed when i heard this, does anyone know if it is true? 

 

 

 



              

Message posted by alias on 11 July 2006 at 9:30pm - IP Logged Legal Disclaimer
alias
Corfu

 

 'Buying a home in Greece' has this to say-

If a foreigner dies without a will in Greece, his estate may be automatically disposed of under Greek law and the law  regarding compulsory heirs applied.

A foreigner resident in Greece is usually permitted to dispose of his Greek assets according to the law of his home country, provided his will is valid under the law of that country. if you've lived in Greece for a long time, it may be necessary for you to create a legal domicile in your home country for the purpose of making a will.

A will made by a foreigner regarding Greek assets isn't invalidated because it doesn't bequeath property in accordance with Greek Law. In practice, Greek law isn't usually applied to foreigners and the disposal of property (buildings or land) in Greece is governed by the national law of the deceased's home country unless there's dispute among the beneficiaries, in which case Greek law is applied.

So, even this is a bit 'woolly', 'should' and 'usually'  and 'in practice' is all very well, but what happens if it all goes pear-shaped for your loved ones? So, best spend the money and have a belt and braces approach. 

For those of you with complicated families, step children, new partners etc. that you are not married to, think very carefully about what will happen if there is a dispute among the beneficiaries - and you thought living was hard enough!


Message posted by John and Hilary on 11 July 2006 at 11:05pm - IP Logged Legal Disclaimer Corfu Photos
John and Hilary
Corfu

Thanks for that input Alias , I thought I was near the mark .

Conclusion , make a will in the UK and get it duplicated and deposited with your Greek lawyer . I am comfortable with that .

Any more comments ?

Regards.....J&H 


Message posted by martski on 11 July 2006 at 11:18pm - IP Logged Legal Disclaimer
martski
Corfu

Married Person with Children

Surviving spouse gets everything up to £125,000 plus personal possessions and property owned jointly.

Anything remaining is divided into two;

Half to your children at age 18

Half in trust during your spouse's life time (he or she gets only the income). On your spouse's death this half goes to the children.

Is 18 too young for your children to inherit?

Will your spouse's £125,000 legacy enable him or her to inherit your house if it is not in joint names (eg, you own it by yourself)?

 

Married Person No Children

If you have parents, brothers or sisters, nephews or nieces;

Your spouse gets everything up to £200,000 plus personal possessions.

Anything remaining is divided with half going to your spouse and half to your parents (if no parent is living this half goes to your brothers or sisters or their children).

Unmarried Couples

If you are unmarried your property will not pass to your partner unless you make a Will (your partner may have to become involved in court proceedings to, for example, maintain a roof over his or her head).

 

 

Time for an advert for a certian law firm??

 

              




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