WILLS

This is an area which we still have to research fully but we are waiting until we have completed on our St.Vlas off-plan apartments before looking into this aspect from a personal level.

We believe that the Bulgarian Code of International Private Law states the following with regard to inheritance:

• The moveable assets in the foreigner's heritage are inherited under the Law of the country where the deceased had his last permanent residence (Article 89, Para 1)

• The immovable assets are inherited under the Law of the country, where the assets are located (Article 89, Para 2)

• The foreigner may choose in writing another (for example - UK) Law under which his heritage is to be distributed (Article 89, Para 3)

This suggests that a will drawn up under English law (or the Law of country of residence) would be valid and recognised in Bulgaria. However it is quite possibly that this might be challenged by the Bulgarian authorities, therefore it is critical that advice is sought on this matter.

It is our understanding that in Bulgaria any property would be inherited by the spouse and children in equal shares if no will applies.

We have a contact for more detailed information on the need for a Bulgarian will, this will obviously depend on your own personal circumstances. As this is a very important area it is crucial that you take independent advice.

Please contact Gordon Cunningham at Overseas Wills - tel no: 07871-797417 (or if outside the UK +447871-797417)

Page last updated: 19th February 2007