Making a Turkish Will/ adding name to Tapu

[kevin3]

  Will you can't take it with you.!!                                 Me coats on.

[stoop]

I suppose if you don't want part of your property to go to extended family then selling up might be an option. We have no worries about that so think adding my name to the Tapu would probably be the easiest method.

[littlereddevil]

Seems a bit drastic, selling up because of the will situation.

It means the £105000 can go to who I want it to go to, instead of the property being left empty forever and no-one getting anything, as would happen in my personal situation.

[JohnF]

It means the £105000 can go to who I want it to go to

You can give it to me if you want - I'll send you my bank details or would PayPal be easier?

JF

[sadler]

 

Seems a bit drastic, selling up because of the will situation.

Not my sole reason by any means, but just another cause for some concern.  Given our very complicated family make-up and more importantly, the upset it would cause to certain members who we would wish to inherit but wouldn't under Turkish law and the knowledge that a certain family member who we would not wish to benefit from our demise - would benefit - not at all drastic.   

[Dutchie]

When the owner of a property is married and has children, parents don't receive anything.

As far as I understood is that Jim is on paper the sole owner of the property.  If he passes away, Sue will receive 1/4 ownership of the property and the remaining 3/4 will be shared equally amongst the children.

Like others have pointed out before...a will won't change anything.

If you want to be on the Tapu, you will need to pay the costs involved with a regular property transaction. You can be on the Tapu for 1/2 but you could also choose for 1/4 for you and 1/4 for your wife.

If you chose to be on it for 1/2 and you pass away in the future, your wife will get 1/4 of the 1/2 which means 1/8 of the property. Your children share 3/4 of the 1/2 which means 3/8.

If you choose to be on the tapu for 1/4 each and something happens to you or to your wife, the remaining spouse will receive 1/4 of the 1/4 and with his/her own 1/4 this makes a total of 5/16. The children share 3/16 equally.

Hope I've been able to explain things without making it too confusing.

[stoop]

Thanks - that's how I understood it from my research.

 

[snowtop]

I use Sule Beder, when my wife died Sule sorted everything legal out and my three siblings are now on my Tapu.  I would give her a ring and just sound her out.
You need someone who knows what they are doing and this is her favourite kind of job.

[stoop]

Thanks.

[stoop]

Well we are reaching decision time and have a trustworthy person willing to help us through the process.

My personal thoughts are to just have my name added due to the the fact our families mirror each other and we both totally trust our kids (and would want them to inherit from us anyway).

Two things put me off adding all four of us:

1. It will cost more as Jim will have to sell 75% instead of 50% of the property, meaning more tax to pay.

2. Correct me if I'm wrong here but wouldn't we pay four lots of council tax if we have four on the Tapu?

Decision not taken yet so I appreciate any thoughts.