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Overseas investment - French Inheritance Law

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Will Foot
Tue 12 Apr 2005
09:41
134 posts

Anyone an expert on this please?

A friend is looking to leave a property to a non-famly member, rather than to their kids - seems more or less impossible? Major assets from an estate must be distributed to the chilldren in French law it seems.

Any insight appreciated!

Will

Francis Aimé
Wed 13 Apr 2005
23:50
3 posts

Hi Will, It's quite strange that your friend does not want to leave his assets to his kids...But it is possible to do so in two ways provided the assets are located in France and are real estate assets:

1) By a French will one can give the legal reminding of his asset to who ever they wish. But the French law garantees a fair share of anyone's assets to their kids.

2) By setting up a SCI (Societe Civile Immobiliere) with the persons that your friend want to give his assets to.

In both situations your friend must get assistance from a "notaire" to avoid infringing the law and being sued by his own kids!!!

Francis 0871 990 20 24 http://forex.bfr-invest.com

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Subject:French Inheritance Law
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