Makeing a Will

jmg171


Joined: 19/05/2007
Posts: 183

Message Posted:
29/01/2008 20:59

I read somewhere if my husband or I popped or clogs our property would go to the state and not our family if we had no will in the trnc. Is that correct?

jackie

jmg171


Joined: 19/05/2007
Posts: 183

Message Posted:
29/01/2008 21:03

Sorry about the spelling should have said( making a will )

keith


Joined: 03/04/2007
Posts: 272

Message Posted:
29/01/2008 21:13

I think you are right with that Jackie we made ours with our solicitor

Cheers Keith

Notsoboredhw


Joined: 15/03/2007
Posts: 1254

Message Posted:
29/01/2008 21:23

We were told by Naomi Mehmet that it would go to your family but would take slightly longer if you didnt have a Will. I suggest contact your solicitor otherwise you will end up getting worried when your solicitor can confirm yes or no very quickly.

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
29/01/2008 22:38

We were told by our solicitor that as long as we already had a written will we need not do another one in Cyprus. We would just be wasting our money because our British one would be legally binding.

jmg171


Joined: 19/05/2007
Posts: 183

Message Posted:
29/01/2008 22:47

I was thinking on the same lines sue.We have a will here in the uk.I will take the advice from nicky and check with Naomi our solicitor

Thanks for info jackie

Perry


Joined: 27/01/2007
Posts: 413

Message Posted:
29/01/2008 23:26

We were told the same as BHW - it will go to your family but it will take longer to sort out the process. Given how long the PTP takes it could be an interesting dynamic ! We put a TRNC will in place in the spring - our advocate put it all in place - including visiting the court to register it. It all took around 1 1/2 hours, cost £100 - but we are now completely sorted for the property between my wife and I, our children and beyond in any eventuality.

davidoff


Joined: 21/04/2007
Posts: 438

Message Posted:
30/01/2008 00:44

Hi all,



Sorry to be a spoil sport here but me and my hubbie re-newed our will in the uk about 6 months ago and when we mentioned foreign property this is what we were told:



We mentioned that we had a property in cyprus and bulgaria and wanted to include this in our uk will.



WE WAS TOLD THAT IN THE UK WILL WE CAN MENTION THAT WE OWN PROPERTY IN THESES COUNTRIES -BUT THATS JUST IT ONLY MENTION IT AS WE HAVE BEEN TOLD THAT THE UK WILL IS NOT LEGALLY BINDING TO OUR OVERSEAS PROPERTY AND THAT YOU HAVE TO TAKE A WILL OUT IN THE COUNTRIES WHERE YOU HAVE PROPERTY I.E BULGARIA AND CYPRUS!!



UK LAW ANDS WILLS DO NOT COVER YOUR INTEREST IN FOREIGN COUNTRIES AND WHEN CLAIMING ASSETS YOU HAVE TO GO THROUGH A SOLICITOR IN THE COUNTRY YOU HAVE PURCHASED AND GO THROUGH THE COUNTRIES SYSTEM , PROCEDURES AND WILL FOR THE PROPERTY!!!



I am only stipulating what we have been told by our uk lawyer as we asked him for verification at least 3 times on it before our wills were adjusted and re-signed!!



So like I said the uk will can only mention you have an asset in another country apart from your uk one -But you cannot claim this asset through your uk will!!



Take care-D

jmg171


Joined: 19/05/2007
Posts: 183

Message Posted:
30/01/2008 16:59

Thank you so much,your info is most helpful.

jackie

Notsoboredhw


Joined: 15/03/2007
Posts: 1254

Message Posted:
30/01/2008 18:10

Davidoff - agree with you entirely. What we did (and I only got round to it this morning) was take a copy of both our Cyprus Wills and placed them with our English Wills so that should we die then both Wills are together. We also left with our UK solicitor the slips of paper the Kyrenia Court gave us stating where our Wills are lodged there. And I also wrote a letter attached to the Cyprus Wills stating the address of our property in Cyprus because I noticed that in our Cyprus Wills it only states "our estate in Cyprus" so again no-one would know. God I am waffling! Hope you understand it!

davidoff


Joined: 21/04/2007
Posts: 438

Message Posted:
30/01/2008 20:42

Hi BHW,



I have not done my cyprus will yet in cyprus but I am hoping to sort it out when I go over in april!!



Dont forget to include info aswell if you have opened a bank account so they are aware!



Because I get the impression by the term cyprus estate then this will include ANYTHING THAT YOU OWN IN CYPRUS i.e car, bank accounts, furniture and property etc!!



Take care-D

Notsoboredhw


Joined: 15/03/2007
Posts: 1254

Message Posted:
02/02/2008 00:35

Thanks Davidoff that's a good point about bank accounts - although we havent opened one yet and not sure if we will or not. Again I think if we do open a bank account in TRNC I will give our lawyers in the UK the bank details to be held with our UK and Cyprus Wills.

davidoff


Joined: 21/04/2007
Posts: 438

Message Posted:
02/02/2008 01:55

Hi BHW,



I f you have bought property in NC and intend hanging onto it or renting it out etc then you will need to open a bank account!



as you will need to set up debits or payments for utilities etc and if your renting then payments coming in and going out also in NC!



Take care-D

Notsoboredhw


Joined: 15/03/2007
Posts: 1254

Message Posted:
02/02/2008 15:03

Hi Davidoff - we have our management company paying our bills and we leave them a float and also if we rent it out to friends and family then they give us money direct so I wasnt too sure whether we really needed an account there. We may still do it though as I believe interest rates are good.