Protect Your Family
Overseas Property Wills Milton Keynes
Do you own a business and need a will?
This is a written testimony of your wishes how you want your properties distributed.
Do You Want To Protect Your Family?
Why Is A Will Milton Keynes So Important?
Overseas property will refers to a will which is made in a particular country and covers property located in another country. An executioner Milton Keynes has to be chosen by the person making the will. An executioner is an individual who is the one dealing with the property of the deceased.
There can be as many executors as one wants, but according to the grant of probate, there has to be only four executors.
Until a few years ago, clients were asked to create a separate will in the nation their assets were situated. The basic reason for this was that different countries have different succession rules.
What You Can Include:
Do you have a property aboard?
All this summarizes to the fact that if you hold a property in EU and possess a British passport, then the will apply to properties in the UK.
Assets are basically distinguished as two-liquid and fixed. The movable asset such as cash, money etc. are counted as liquid and the immovable ones such as land, building etc. are counted as the fixed assets. Let’s take an example.
Suppose you hold a British passport and have property abroad, then no will is needed to cover those assets. During such situations, the inheritance law of the country where the property is located is applied.
In such a scenario one may need to make a detached will in the country the estate or the property is situated. One needs to hire a legal advisor of the country the property is situated in.