In 10 years of being an estate agent in the Dordogne region of France, this single announcement could potentially have the biggest significance of any change to French law concerning the purchase of French property by non-French nationals.
If you own a French property or are planning to own one in the future, the implementation of the planned changes could radically change your attitude towards your purchase and more importantly allow you to decide the fate of your assets and real estate in the event of your untimely demise.
This will materially allow owners of French property to protect members of their family in a manner chosen by their own needs and desires rather than being dictated to by the rather old-fashioned Napoleonic laws which has been the case in France since the early 1800s!
Effectively, the European parliament has recently passed new regulations which will allow expats who own property in France in France to be able to decide and dictate in a will that they want the law of the state of their nationality to apply to their estate and not French inheritance law.
We will be keeping a very close eye on this issue so come back regularly to view our blog for updates and more information.
Dordogne Property Agency
1 comment:
Thankyou for this info, could come in handy, please keep us updated.
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