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Egypt property The property market in Egypt is primarily focused around the Red sea and Mediterranean coastline. Property investors are also buying in and around the main urban hubs of Cairo, Alexandria and Luxor, The Egyptian governments pro-active policies for attracting overseas investment has created an economic climate geared for growth in the Egyptian property market. Do you agree? Please state your views and opinions here on our new Egyptian property forum.

Lawyers, Bank Accounts, Making A Will - Page 9

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  #81  
Old 10-06-2008, 12:22 AM
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yes i will have a word in the week many thanks
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Originally Posted by diward57 View Post
Thats what we thought too!...we are both on the contract and thats why I questioned it. If you are not married and one of you dies their half goes to their next of kin then in order to sell the property you would have to gain permission from the `new` (half owner). I hope this clarifies this...its important you draw up a will in Egypt. OR buy a `new suit` ha. Do please check this out for your own peace of mind.. there may be other important stuff I`m not aware of.
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  #82  
Old 10-06-2008, 11:16 AM
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Originally Posted by diward57 View Post
Thats what we thought too!...we are both on the contract and thats why I questioned it. If you are not married and one of you dies their half goes to their next of kin then in order to sell the property you would have to gain permission from the `new` (half owner). I hope this clarifies this...its important you draw up a will in Egypt. OR buy a `new suit` ha. Do please check this out for your own peace of mind.. there may be other important stuff I`m not aware of.
This is something you really need to sort asap. In some Arab countries, ie Jordan and Saudi, a female can not inherit directly, so there is nothing automatic about anything. I have no idea if this applies in Egypt, but certainly a wills are essential in both countries.
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  #83  
Old 10-06-2008, 09:03 PM
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Hi Milko,
Your notary is right. You actually need a will in each country, first your country of residence, secondly, in each and every country that you have assets, leaving a will appertaining to those assets. UK law has no authority over property held in other countries, unless you become bankrupt and then they can apply to the high courts in the relevant country.
Hi Vix thanks for the advice on wills, after reading some of the post's the fee seems a little expensive[500.00], is there a do it yourself will like we have in england or a internet site we could all use as it seems to me that we [if we took it]are being ripped off.
Ian
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  #84  
Old 10-06-2008, 09:15 PM
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Originally Posted by MILKO View Post
Hi Vix thanks for the advice on wills, after reading some of the post's the fee seems a little expensive[500.00], is there a do it yourself will like we have in england or a internet site we could all use as it seems to me that we [if we took it]are being ripped off.
Ian
Beware of DIY (post office) wills Ian. We have had a bad experience of one of those in the past and that was in the UK! They don't hold out much in court

This said, £500 is a very high price to pay for a will. Is it really essential if you are legally married and have children? We are purchasing in both of our names and will register the same.
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  #85  
Old 10-06-2008, 09:21 PM
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The general concensus seems to be that you do. I'm not sure of the law in Egypt, though they don't follow sharia law as in Saudi for instance but you should check. We're going to make sure that we have wills drawn up.
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  #86  
Old 10-06-2008, 09:27 PM
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Originally Posted by SuziQ2708 View Post
Beware of DIY (post office) wills Ian. We have had a bad experience of one of those in the past and that was in the UK! They don't hold out much in court

This said, £500 is a very high price to pay for a will. Is it really essential if you are legally married and have children? We are purchasing in both of our names and will register the same.
Hi Suzi, yes we are legally married and buying in both of our names, so we will see,i have just e-mailed the lawyers for a price .
Ian
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  #87  
Old 10-06-2008, 09:51 PM
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Hi Suzi, yes we are legally married and buying in both of our names, so we will see,i have just e-mailed the lawyers for a price .
Ian
Let me know how much you're quoted please. If you don't mind that is
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  #88  
Old 11-06-2008, 12:19 PM
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Yes £500 seems incredibly expensive to me, considering that this is the approx fee for a property purchase in Egypt. I havent sorted mine yet, but will do so on the next visit. Noticed quite a few lawyers in the Sekalla area, so thought of getting quotes from there. Good point made by Lsab re Sharia law, but tho Sharia doesnt apply in Jordan, there are still quirks that we can not understand, so we must all ere on the side of caution.
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  #89  
Old 11-06-2008, 12:28 PM
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Though many Arab countries don't follow Sharia law they do have a lot of quirks as you say Vix and inheritance can, in some instances, follow very strict guidlines that have their roots in Sharia. You've seen that with Jordan. It could well be very straightforward in Egypt (my husband doesn't know ) but I'm with you Vix, we shouldn't take any chances.

Whoever gets legal advise first, please share it with us all
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  #90  
Old 13-08-2008, 09:09 PM
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Question Writing a Will

Having paid 100% for our 'Off plan' apartment, I am wondering when we should consider writing a Will. I believe we have to write a seperate Will in Egypt as a UK Will does not cover property purchased here, although I am unsure. This said, we haven't got a UK Will sorted out yet either! Being married and having included both of our names on the contracts, I would presume that in the event that one of us died it would be transferred in to the living spouses name, but I understand this is not always the case. We have 4 children and my main concern at the moment is if something happend to both of us, even prior to our apartment being built, what would happen to their inheritence? I am contemplating contacting my Egyptian lawyer regarding this, but thought I would post here first just to see what feedback I receive. Surely I am not the only one with similar concerns?
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