Are your wills ready?

[SteveJ]

Well articulated Cef - you've written what most of us are thinking I would surmise. The Turkish Lawyer that I used for my property purchase still has POA over my Turkish bank acount, I couldn't be bothered to cancel it  I just took everything out except a fiver - if he's so inclined he can have it. From what I've gathered (thanks mostly to Loz and Ytokgoz) the best plan is to sell my place to the kids (the 5 year milestone had just passed). I'll have to lend them the money to buy it and it's going to cost me 3-4% of the selling price in tax but that's money well spent in my book if it avoids the pitfalls and heartaches that we have all read about here on CBF and other places.

[Scunner]

Seems to me the best thing is to enjoy it for as long as you can then sell up

Yes I think so - sell up and give your kids the money. They may (as already mentioned in the topic) not want a property in Turkey. Then witness them wasting it all, while you are still around to see it  

[Rimms]

So if the kids don't want it, sod them. I would expect your main worry is about the surviving partner. If they are allowed to either keep living in the home or sell it (with the kids consent) which shouldn't be a problem if they aren't bothered. What's all the fuss about? Worrying about the property after both parties are dead seems a bit of wasted effort as far as I'm concerned.

[Fran]

When one of us dies, the other will clean out the joint account and open a new account in their name only.
If you don't tell anyone your partner has died, how will they find out. The only time it should come up is if you want to sell your property. Or am I being naive.

[Scunner]

It coming up when you want to sell your property is a fairly important time for it to come up.

[usedbustickets]

Now I'm not sure this is an answer to this question on wills.  However, my good mate Mick tells me - and he knows about these things - that YOU CAN actually take your money with you!  If you can't quite grasp this revelation it relates to taking your money with you to heaven.  Although he couldn't say about the other place though, but given his record here on earth, he is taking no risks and he is looking into it.  I'm going to ask him about taking immovable items with you as well as cash.  I'll let you all know his answer    

[Eric]

I knew a man who wanted to take all his money with him when he died.  His wife agreed to the request and wrote out a cheque and put it in his coffin with him. :  

[catsrus]

After reading this thread, glad we sold up and now rent.   When my daughter comes out in the summer I think we will open two bank accounts for a minimum amount, one in her name and mine and one in her name and hubbys, either signature to operate, so when one of us dies the survivor can transfer the money into the new account and when the last one of us pops our clogs she will be able to get hold of the dosh.

[usedbustickets]

After reading this thread, glad we sold up and now rent.   When my daughter comes out in the summer I think we will open two bank accounts for a minimum amount, one in her name and mine and one in her name and hubbys, either signature to operate, so when one of us dies the survivor can transfer the money into the new account and when the last one of us pops our clogs she will be able to get hold of the dosh.

Seems a nice simple idea that would work, although remember your daughter will need to get a tax number to open the bank account.

[Ian]

When one of us dies, the other will clean out the joint account and open a new account in their name only.
If you don't tell anyone your partner has died, how will they find out. The only time it should come up is if you want to sell your property. Or am I being naive.

What if you die in a hospital or when being treated by a doctor whilst you are in Turkey - I would think they have to produce a death certificate - then the authorities may know you have deliberately broken the law?

Also thinking it through - if it means you have a "window of opportunity with a POA for a week let's say whilst you keep quiet and/or hide! the body in the wardrobe" - how do you sell in 7 days unless you go through an intermediary who just happens to have a list of well respected Turkish business people who will move quickly !

I bet you might have to sell for quite a discount



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