S
SuziQ2708
Guest
In freehold case, a testator CAN issue a will to a beneficiary, given that this beneficiary is not a normal heir "son or daughter for instance", provided that the will shall not exceed 1/3 of the testator's capital and assets AFTER settling any potential debts.
The will, according to the abovementioned rules, MUST be registered in the notary public in order to be effective, especially against normal heirs. It is also crucial that the legatee "will's beneficiary" shall clearly accept the will AFTER the testator's death. Otherwise it is not effective.
Hi Zeiad,
So, having 4 children (2 adult 25 & 22 and 2 teenagers 16 & 13) and the contracts being in both mine and my husbands names, I take it to mean, from your quote above, that it is not necessary to take out a Will for our property in Egypt either whilst it's still in the building stages or when it is complete as the property would automatically be transferred to our children in the unfortunate event of both of us dying? Will it make any difference that the eldest 2 children are not from my current husband? I would hate to think they would miss out and just the younger 2 would inherit.
The will, according to the abovementioned rules, MUST be registered in the notary public in order to be effective, especially against normal heirs. It is also crucial that the legatee "will's beneficiary" shall clearly accept the will AFTER the testator's death. Otherwise it is not effective.
Hi Zeiad,
So, having 4 children (2 adult 25 & 22 and 2 teenagers 16 & 13) and the contracts being in both mine and my husbands names, I take it to mean, from your quote above, that it is not necessary to take out a Will for our property in Egypt either whilst it's still in the building stages or when it is complete as the property would automatically be transferred to our children in the unfortunate event of both of us dying? Will it make any difference that the eldest 2 children are not from my current husband? I would hate to think they would miss out and just the younger 2 would inherit.