Inheritance
Hi Tony
I’ve been enjoying your newsletters for sometime time now and finally taken the plunge in buying property in France. We have just signed the contract for a new build – and I know I should have addressed earlier that nagging problem at the back of my mind about French Inheritance laws. I guess it’s case of better late than never…. can you advise or point us in the right direction for advice please! (I really didn’t fancy explaining our family details to the local notaire…)
regards
Sarah
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Hello Sarah,
If you have any complications, even simple ones, about inheritance, previous marriage, other children or family problems – you must make sure the purchase of a property in France is structured correctly before the final Acte is signed. Very little can be done after this, it must be done before.
A Notaire is (theoretically) the best person to do this, but in my experience they rarely volunteer information or advise you unless you ask specific questions, it is assumed that you already know the options and will instruct them. It is a matter of knowing which questions to ask and if you know the question than you probably know most of the answer, this is one of the cultural differences between France and many other countries.
A search on Google for something like – Property Inheritance France – will yield a lot of websites and masses of advice, but my advice is to discuss your own personal position clearly and precisely with a Notaire or an independent advisor – the advice from a Notaire will be free.
It really is a minefield and unless your family situation is very simple (no other relationships, no kids, no Parents, no relatives etc) you need professional advice. Do not just read a lot of Internet pages and find one that agrees with what you think you would like to know.
An independent advisor must have adequate legal insurance to cover them in the event of the advice causing a problem in the future, many advisors do not have this and you must ask.
Hope this helps
Best wishes
Tony
Tis the Week before Christmas
And what a week – after two difficult years we can look forward – and we are looking forward. The big big news is that I have just launched the start of the beginning of my rentals site .
This is the brief story – once upon a time my family and I crossed the sea from England and came to live in France, like many before us we planned to rent accommodation, chambre d’hotes, to give us some income. My background was in informatics and marketing so as it was the mid 1990s and I could see that the Internet was going to be huge, I put everything into marketing our rentals on the Internet through my own websites.
In those far off days I could find and register names like RentalsFrance.com and 1stVacations.com – I had three letter domain names and many local and National town names – I was one of the first people to make a villas rentals website and I regularly talked with other sites for joint ventures and ideas, some of those sites are now huge and selling for many millions.
I decided to keep my sites developing, but I was always looking for a strategic partnership to help me realise the potential of property rentals and sales, not just in France, but globally.
In December 2005 I thought I had found the perfect partner and I let them take control of all the sites (except one thank goodness). In return I was promised involvement and a share of the future – nothing happened, I was paid a little for the use of the names, but I lost my business, the sites went dead for six months and I have never recieved another penny. It was heartbeaking to see ten years of work thrown away. Today only one of the websites they took over is operating and it is a shadow of what it was.
So today I am starting again, to begin with I am rebuilding exactly what I had, contacted all my old friends and customers and will be getting back into the Internet business – except things will be very different in 2008 to what they were in 2005.
The Internet has grown up – from being an untidy noticeboard it has become a vast network of communities offering opinion, entertainment and education.
Instead of making owners pay to display, my philosophy is to give the supply and delivery of all information free and to create a place where owners and renters or buyers can find each other. I will make applications and integrate the sites with places like Facebook and Myspace where I can also make similar groups. That is the dream and I am working hard to make it happen.
I will be using the only website I have which is www.Nizas.com but for now you can see the first of my new rentals websites (OK it looks a lot like my old rentals site at the moment) at wwww.AllRentalsFrance.com .
I hope to be working with some new friends I have met through this newsletter, but I need some good business and development people, writers and designers and all the help I can get. I would love to hear from you so please contact me.
One Giant Leprechaun for mankind
A blog I read and recommend is IrishFrench Connection . A recent article announces the new Ryanair route from Cork to Carcassonne – so this year Iam looking forward to Guinness with our Oysters for Christmas lunch, or perhaps I shall compromise with a pint of “black velvet” or three.
Fractional Ownership Taxes in France
December 14, 2007 by Tony · 2 Comments
I have been writing about Fractional Ownership for nearly two years. The idea appeals to me and I believe it is a good and sensible way to have the use of a luxury property. I do not believe it is an investment to give income, nor do I see it as a way of getting into property investment – I consider Fractional Ownership as a luxury product .
I have been worried about the tax implications and have had many discussions with specialists.
One of these is an American lawyer I have gained considerable respect for, Andrew Sirkin, he has just sent me a paper he has written about this and I consider this to be open, well researched and as up-to-date as anything that exists. He has given me permission to share this and you can see it online at…
Fractional Ownership in France
I strongly recommend that anyone interested in Fractional Ownership in France reads this thoroughly and carefully.
If the link from that page takes too long to load – it is a big pdf file – I have put the same article online at Fractional Ownership in France, Taxation Implications it is still a big page of text but should load more easily.
England Football new training plan
December 8, 2007 by Tony · Leave a Comment
It seems that England are using some secret Japanese training techniques to improve their game
Santa Singing at Chateau Cassan
December 2, 2007 by Tony · Leave a Comment
Ray is a good mate of mine – I cannot describe (he is indescribable) him so here is a video
This was at the Christmas market in the Chateau