Property inheritance on death.
#1
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Joined: Nov 2015
Posts: 413
Property inheritance on death.
My partner and I, with a Lawyer here, set a will that when one of us dies the other will inherit the property/bank accounts/possessions ( the lot) as per UK. The will was set in both English and Hungarian and registered in Budapest on recommendation of the Lawyer. Before we talk to our Lawyer to make sure there are no complications I would ask if anyone here has had experience of the process. Apparently our Bank has asked us for an "Estate Order" so the survivor can access the joint accounts.
#2
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Joined: Nov 2012
Posts: 2,096
Re: Property inheritance on death.
My partner and I, with a Lawyer here, set a will that when one of us dies the other will inherit the property/bank accounts/possessions ( the lot) as per UK. The will was set in both English and Hungarian and registered in Budapest on recommendation of the Lawyer. Before we talk to our Lawyer to make sure there are no complications I would ask if anyone here has had experience of the process. Apparently our Bank has asked us for an "Estate Order" so the survivor can access the joint accounts.
As far as I know with a joint account, on the death of one account holder half of the funds in the account are frozen with the survivor having access to the remaining half until probate is granted when the frozen funds are distribution according to the will if there is one or according to the law if there is no will.
We have gone through the probate process both here and in the UK and it was much simpler and quicker here than in the UK and here probate is handled by a suitably qualified local public notary.
#3
Re: Property inheritance on death.
Hi, just looking in from the French forum - which I do frequently.
No idea how things work in Hungary, but France is certainly not partner 'friendly', and we always advise that partners should look at legalizing their union either by marriage or Pac's - the latter of which may or may not be an option in Hungary.
Even Pac'sed couple may find they cannot benefit from their departed partner's pension scheme, as I outlined in the last paragraph of the following linked post.
Death In France 2
Hope this info may be of some use.
No idea how things work in Hungary, but France is certainly not partner 'friendly', and we always advise that partners should look at legalizing their union either by marriage or Pac's - the latter of which may or may not be an option in Hungary.
Even Pac'sed couple may find they cannot benefit from their departed partner's pension scheme, as I outlined in the last paragraph of the following linked post.
Death In France 2
Hope this info may be of some use.
#4
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Joined: Nov 2015
Posts: 413
Re: Property inheritance on death.
Thank you both