I own an apartment in Budapest which I bought 7 years ago for rental purposes.
I want to make sure that the apartment title transfers to my wife (or children) on my death. I have a normal UK will which leaves all my assets to my wife (or children,if she pre-deceases me).
My lawyer in Budapest has told me that my UK will is valid in Hungary, but I am not sure what this actually means.
Does this mean that I simply ensure that my apartment in Budapest is stated as a specific asset in my will and,on my death,the flat automatically transfers to my wife. Will she not have to actually get the Hungarian Property Title document transferred into her name in Budapest as I will no longer exist.
I appreciate that this is a slightly 'legal' question but all advice welcome.
Ian Moore
I want to make sure that the apartment title transfers to my wife (or children) on my death. I have a normal UK will which leaves all my assets to my wife (or children,if she pre-deceases me).
My lawyer in Budapest has told me that my UK will is valid in Hungary, but I am not sure what this actually means.
Does this mean that I simply ensure that my apartment in Budapest is stated as a specific asset in my will and,on my death,the flat automatically transfers to my wife. Will she not have to actually get the Hungarian Property Title document transferred into her name in Budapest as I will no longer exist.
I appreciate that this is a slightly 'legal' question but all advice welcome.
Ian Moore