Overseas Property News News Overseas Property Forum Forums Overseas Property Blog Blogs Overseas Property News Sales Terms & Conditions Acceptable Use Policy
Take Down Policy Privacy Policy Contact Us
Property in Australia Australia Property in Bulgaria Bulgaria Property in Brazil Brazil Caribbean Property Caribbean Property in Cyprus Cyprus Property in Dubai Dubai Property in Egypt Egypt Property in France France
Property in Germany Germany Property in Morocco Morocco Property in Portugal Portugal Property in Spain Spain Property in Turkey Turkey UK Property UK US Property US Property in the UAE UAE

Go Back   Overseas Property Investment Forum > Africa Property > Egypt property

Egypt property The property market in Egypt is primarily focused around the Red sea and Mediterranean coastline. Property investors are also buying in and around the main urban hubs of Cairo, Alexandria and Luxor, The Egyptian governments pro-active policies for attracting overseas investment has created an economic climate geared for growth in the Egyptian property market. Do you agree? Please state your views and opinions here on our new Egyptian property forum.

Guest View - Limited Access Only
Register Free Today

Lawyers, Bank Accounts, Making A Will - Page 9

Reply
 
Thread Tools
  #81  
Old 10-06-2008, 12:22 AM
Senior Member
 
Join Date: Oct 2007
Posts: 233
Default re new suit

yes i will have a word in the week many thanks
Quote:
Originally Posted by diward57 View Post
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.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #82  
Old 10-06-2008, 11:16 AM
vix vix is offline
Senior Member
 
Join Date: Mar 2008
Posts: 200
Default

Quote:
Originally Posted by diward57 View Post
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.
This is something you really need to sort asap. In some Arab countries, ie Jordan and Saudi, a female can not inherit directly, so there is nothing automatic about anything. I have no idea if this applies in Egypt, but certainly a wills are essential in both countries.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #83  
Old 10-06-2008, 09:03 PM
Active Member
 
Join Date: Jun 2008
Location: Martley Worcestershire
Posts: 9
Default

Quote:
Originally Posted by vix View Post
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.
Hi Vix thanks for the advice on wills, after reading some of the post's the fee seems a little expensive[500.00], is there a do it yourself will like we have in england or a internet site we could all use as it seems to me that we [if we took it]are being ripped off.
Ian
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Sponsored Links
  #84  
Old 10-06-2008, 09:15 PM
SuziQ2708
Guest
 
Posts: n/a
Thumbs down

Quote:
Originally Posted by MILKO View Post
Hi Vix thanks for the advice on wills, after reading some of the post's the fee seems a little expensive[500.00], is there a do it yourself will like we have in england or a internet site we could all use as it seems to me that we [if we took it]are being ripped off.
Ian
Beware of DIY (post office) wills Ian. We have had a bad experience of one of those in the past and that was in the UK! They don't hold out much in court

This said, £500 is a very high price to pay for a will. Is it really essential if you are legally married and have children? We are purchasing in both of our names and will register the same.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #85  
Old 10-06-2008, 09:21 PM
Senior Member
 
Join Date: Jan 2007
Location: Bahrain
Posts: 1,323
Default

The general concensus seems to be that you do. I'm not sure of the law in Egypt, though they don't follow sharia law as in Saudi for instance but you should check. We're going to make sure that we have wills drawn up.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #86  
Old 10-06-2008, 09:27 PM
Active Member
 
Join Date: Jun 2008
Location: Martley Worcestershire
Posts: 9
Default

Quote:
Originally Posted by SuziQ2708 View Post
Beware of DIY (post office) wills Ian. We have had a bad experience of one of those in the past and that was in the UK! They don't hold out much in court

This said, £500 is a very high price to pay for a will. Is it really essential if you are legally married and have children? We are purchasing in both of our names and will register the same.
Hi Suzi, yes we are legally married and buying in both of our names, so we will see,i have just e-mailed the lawyers for a price .
Ian
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #87  
Old 10-06-2008, 09:51 PM
SuziQ2708
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by MILKO View Post
Hi Suzi, yes we are legally married and buying in both of our names, so we will see,i have just e-mailed the lawyers for a price .
Ian
Let me know how much you're quoted please. If you don't mind that is
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Sponsored Links
  #88  
Old 11-06-2008, 12:19 PM
vix vix is offline
Senior Member
 
Join Date: Mar 2008
Posts: 200
Default

Yes £500 seems incredibly expensive to me, considering that this is the approx fee for a property purchase in Egypt. I havent sorted mine yet, but will do so on the next visit. Noticed quite a few lawyers in the Sekalla area, so thought of getting quotes from there. Good point made by Lsab re Sharia law, but tho Sharia doesnt apply in Jordan, there are still quirks that we can not understand, so we must all ere on the side of caution.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #89  
Old 11-06-2008, 12:28 PM
Senior Member
 
Join Date: Jan 2007
Location: Bahrain
Posts: 1,323
Default

Though many Arab countries don't follow Sharia law they do have a lot of quirks as you say Vix and inheritance can, in some instances, follow very strict guidlines that have their roots in Sharia. You've seen that with Jordan. It could well be very straightforward in Egypt (my husband doesn't know ) but I'm with you Vix, we shouldn't take any chances.

Whoever gets legal advise first, please share it with us all
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #90  
Old 13-08-2008, 09:09 PM
SuziQ2708
Guest
 
Posts: n/a
Question Writing a Will

Having paid 100% for our 'Off plan' apartment, I am wondering when we should consider writing a Will. I believe we have to write a seperate Will in Egypt as a UK Will does not cover property purchased here, although I am unsure. This said, we haven't got a UK Will sorted out yet either! Being married and having included both of our names on the contracts, I would presume that in the event that one of us died it would be transferred in to the living spouses name, but I understand this is not always the case. We have 4 children and my main concern at the moment is if something happend to both of us, even prior to our apartment being built, what would happen to their inheritence? I am contemplating contacting my Egyptian lawyer regarding this, but thought I would post here first just to see what feedback I receive. Surely I am not the only one with similar concerns?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote

Reply

Bookmarks

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Property in Brazil - General buying and selling tips for Brazil daniel_JRA Brazil property 331 14-06-2009 04:42 PM
Miscellaneous Questions: Post them here rebecca1 Dubai property 301 31-12-2008 10:49 AM
Buildings, contents insurance, Egyptian bank accounts sdgc Egypt property 92 26-03-2008 11:54 AM
Bank account for a non resident in Brazil Golfingworld Brazil property 3 28-09-2007 07:30 PM

LEGAL NOTICE
By using this Website, you agree to abide by our Terms and Conditions (the "Terms"). This notice does not replace our Terms, which you must read in full as they contain important information. You must not post any defamatory, unlawful or undesirable content, or any content copied from a third party, on the Website. You must not copy material from the Website except in accordance with the Terms. This Website gives users an opportunity to share information only and is not intended to contain any advice which you should rely upon. It does not replace the need to take professional or other advice. We have no liability to you or any other person in respect of any content on this Website.
FORUM PARTNERS
Property Community is owned and operated by the MoveForward.com Limited group. You can find out more about us here. We also run the Expat Forum, an ideal community for people moving overseas and looking for jobs overseas.


Latest Active Threads

All times are GMT +1. The time now is 01:00 AM.

SearchSearch the site

Premium Account Benefits
Premium Member Benefits
Cheap International Calls
Currency Exchange Tools

Sub Forums:

Brazil Property ForumBrazil Property
Bulgaria Property ForumBulgaria Property
Dubai Property ForumCyprus Property
Dubai Property Forum
Dubai Property
Egypt Property ForumEgypt Property
French Property ForumFrench Property
German Property ForumGerman Property
Greek Property ForumGreek Property
Morocco Property ForumMorocco Property
Portugal Property ForumPortugal Property
Spanish Property ForumSpanish Property
Turkey Property ForumTurkey Property
UK Property ForumUK Property

Premium SubscriptionList Your Properties With a Premium Membership

Property News
Property Forum
Property Blog
Property For Sale
Entrepreneurs Network


Powered by vBulletin® Version 3.8.1
Copyright ©2000 - 2009, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.2.0