zimboboy Posted November 23, 2007 Share Posted November 23, 2007 Has anyone any experience of using a Trust/Offsore Company to buy a property basically to avoid inheritance hassles etc? Any comments on the set up costs and annual running costs would be most welcome. Many thanks [8-)] Link to comment Share on other sites More sharing options...
Richardk Posted December 16, 2007 Share Posted December 16, 2007 We did take a look at trusts some years ago, however two things came to light: France does not recognise offshore trust in the same way that the UK does, and you don't need a trust to get around inheritance rules with regards to property - you're notaire will be able to help you on this with a straight forward mariage contract.Regards,Richard Link to comment Share on other sites More sharing options...
zimboboy Posted December 16, 2007 Author Share Posted December 16, 2007 Thank you for that advice Richard. Can you comment at all on whether it would be better/cheaper etc to have a London based lawyer specialising in French matters to form a Company in the UK to effect a purchase in France or would it be better all round to have a notaire form the Company in France. Presumably there would be annual returns and other formalities to attend to-as there are here- and someone in France might be better placed to do that. Any general advice along these lines will be gladly received. Link to comment Share on other sites More sharing options...
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