One of the most important things to get right when you buy a French property, apart from your currency, (more on that later), is the structure for the ownership, taking into account the French Inheritance laws.
I have sat in with clients on 3 separate occassions this week at their final “Acte de Vente”, and in each case their individual scenario has been very different. Children by previous relationships and unmarried couples make for various permutations, and it is so incredibly important to get the way in which you buy the property correct.
Failure to do so, could result in children by a previous relationship owning a house jointly with a step-parent, or Inheritance tax being paid at 60%. This is why we accompany clients to the Notaire’s office for the final signature – to ensure that the best outcome is achieved. Having a very competent, English speaking Notaire is a very useful asset.
Turning to the currency matter, we have saved clients literally thousands of £s this week by using a dedicated currency dealer, rather that a High Street bank. The rates offered are significantly better, and with no charges. Full details available upon request.
E-mail: allez-francais@wanadoo.fr
Website http://www.allez-francais.com/
I have sat in with clients on 3 separate occassions this week at their final “Acte de Vente”, and in each case their individual scenario has been very different. Children by previous relationships and unmarried couples make for various permutations, and it is so incredibly important to get the way in which you buy the property correct.
Failure to do so, could result in children by a previous relationship owning a house jointly with a step-parent, or Inheritance tax being paid at 60%. This is why we accompany clients to the Notaire’s office for the final signature – to ensure that the best outcome is achieved. Having a very competent, English speaking Notaire is a very useful asset.
Turning to the currency matter, we have saved clients literally thousands of £s this week by using a dedicated currency dealer, rather that a High Street bank. The rates offered are significantly better, and with no charges. Full details available upon request.
E-mail: allez-francais@wanadoo.fr
Website http://www.allez-francais.com/
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