Lawyers, Bank Accounts, Making A Will

[MILKO]

Originally Posted by Lsab

Coincidentally, we were discussing the same thing today! When I think of where best to put it, I'll move this post to a thread where more members will see it. (If that's OK with you?).

Yes, thats fine its another thing on the long list to do but needs to be addressed.
Ian

[Sarah C]

if you have a will the apartment will automatically go to your spouse. If you both die it will go to your children or next of kin, unless you specifically nominate a beneficary.

Sarahx

[MILKO]

Originally Posted by Sarah C

if you have a will the apartment will automatically go to your spouse. If you both die it will go to your children or next of kin, unless you specifically nominate a beneficary.

Sarahx

Hi Sarah, we were advised by our Notary that it was best to have a will drawn up in the country were your property was to comply with their regulations and so there is no confusion.
ian

[mgsteveb]

Hi.

I can't seem to find an online application form or a map showing the banks in Hurghada!

Thanks

Steve

[vix]

Originally Posted by MILKO

Hi Sarah, we were advised by our Notary that it was best to have a will drawn up in the country were your property was to comply with their regulations and so there is no confusion.
ian

Hi Milko,
Your notary is right. You actually need a will in each country, first your country of residence, secondly, in each and every country that you have assets, leaving a will appertaining to those assets. UK law has no authority over property held in other countries, unless you become bankrupt and then they can apply to the high courts in the relevant country.

[Peter Mitry]

Originally Posted by mgsteveb

Hi.

I can't seem to find an online application form or a map showing the banks in Hurghada!

Thanks

Steve

Hi Steve if you click on the link which SuziQ sent you you will see on the right hand side of the opening page 'Contact Us'. Under this heading you click on 'Branch Locator'. This will list all of the branches in Egypt.

At the bottom of the opening page of the website there is a link inviting you to 'Apply Online'. You click on this and enter your personal details and you will be sent a form to open your account.

[Georgina]

I opened two bank accounts about five years ago. One with HSBC and one with National Bank of Oman. One problem was picking up the cash point card. It was always ready when I had left Egypt and I think you had a time limit to pick it up. Maybe things have changed now.

Opening an account in LE gives a much higher interest rate than in Euros or dollars.

[diward57]

Originally Posted by Sarah C

if you have a will the apartment will automatically go to your spouse. If you both die it will go to your children or next of kin, unless you specifically nominate a beneficary.

Sarahx

Hi, Yes more paperwork and legal stuff.!! as my partner and I are`nt married we realise how important a will in Egypt is.(or any other country) Mohamed told us that In Egypt they don`t `recognise` an unmarried partnership so without a will if anything happened to either of us, next of kin would inherit and not your respective partner. (sure my sisters would be happy!!) He quoted us £500 and I nearly fell off the chair!! We told him to proceed(have`nt heard a thing since).
My will in the UK was by comparison £70.

[simonjwatts1]

surely if you are both on the contract then it will go to your spouse/partner. If not looks like we best write a new will asap

[diward57]

Originally Posted by simonjwatts1

surely if you are both on the contract then it will go to your spouse/partner. If not looks like we best write a new will asap

Thats what we thought too!...we are both on the contract and thats why I questioned it. If you are not married and one of you dies their half goes to their next of kin then in order to sell the property you would have to gain permission from the `new` (half owner). I hope this clarifies this...its important you draw up a will in Egypt. OR buy a `new suit` ha. Do please check this out for your own peace of mind.. there may be other important stuff I`m not aware of.