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Greek holiday homes

Greek holiday homes

If you are an executor dealing with a holiday home in Greece the likelihood is that the estate might want to keep it, especially given the dire state of the Greek economy.  In theory, Greek law is amenable to implementing the wishes of a foreign testator but, as with most foreign countries, the best advice is to get a will done in Greece dealing specifically with a Greek holiday home similar assets located in the country.

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Divorce – does it cancel my will?

Divorce does it cancel my will

Unlike marriage, a divorce does not cancel an existing will. An existing will remains valid except that any gift to your former husband or wife takes effect as if he or she had died on the date of the decree absolute. The usual effect of this is that the gift will fall into the residue for the benefit of the residuary beneficiaries. If the former spouse had been left everything then the practical effect of this is that you will be intestate as far as the residue is concerned. If you had appointed your ex as an executor, the will is still valid but takes effect as if he or she had died on the date of the decree absolute. For these reasons it is obvious that, although divorce does not cancel a will, it can seriously mess it up so the advice has to be: get expert advice on probate and make a new will as soon as you know that your marriage is on the rocks.

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Being an executor – not so boring!

Being an executor not so boring

I noticed recently that there is a new novel out by Blake Morrison – wait for it – “The Executor”. According to the blurb he has created a biting portrait of competitive male friendship, sexual obsession and the fragile transactions of married life.  The book innovatively interweaves poetry and prose to form a gripping literary detective story.

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Getting married – don’t forget to make a will

Getting married dont forget to make a will

We once had a case where a client, knowing that he had a terminal diagnosis, decided to get married to his long term partner thinking that would mean she would inherit his whole estate. He already had a will leaving everything to her. Unfortunately, he did not tell us of his plans and he omitted to make a new will with rather unfortunate consequences because the law of intestacy then applied.

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Isle of Man – it can be a bit of a nuisance for some estates

Isle of Man it can be a bit of a nuisance for some estates

The Isle of Man is an interesting place from a legal point of view.  It is a British crown possession so the Queen is head of state, but it has its own common law which generally follows English law.  The Isle of Man forms part of the non-metropolitan territories of the United Kingdom, but it is not part of the EU.  Although it is not a fully sovereign state it does have a separate jurisdiction from the United Kingdom, and that means where there are assets based in the Isle of Man, the executors will probably need to obtain an Isle of Man probate.

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