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Is it best to leave property in a will

The goods you own require work, time and energy. Over the years, you plan your budget to acquire them and afterwards to maintain them, make them profitable and make the best of them.

By planning your estate, you can somehow monitor your property over the long term. In fact, you can now write your Wills4less Chelmsford and determine who will return your property upon your death. And maybe to avoid some family conflicts …

Are not all these efforts worth it?

Who can make a will?

Anyone who is of sound mind, that is, can understand the scope of his actions, can make a will. This ability of the testator to make his will is observed at the time of writing the will and not at the time of signing. In principle, two groups of people can not make a will, minors and incapable adults. Minors, unless they are fully emancipated by marriage or court declaration, that is to say able to exercise their civil rights as if they were adults do not have the ability to freely dispose of their property by will, except for their property of little value.

However, the law allows the minor to regulate the conditions of his funeral and the mode of disposition of his body. However, he must have the written consent of his parents or guardian. The incapacitated can not make a will either. A person is “unfit” when he is unable to take care of himself and administer his property because of the permanent weakening of his mental abilities. The major under curatorship can not make a will since his incapacity is total and permanent.

The inability of a person to take care of himself and administer his property may, however, be only partial or temporary. In such a case, the adult is placed under guardianship. The person placed under guardianship may, in certain cases, make a will. Thus, the will of a person under guardianship is valid if that person understood what she was doing when she prepared her will.

To note. A person generally able to take care of himself or to administer his property but to whom the court assigns a counselor, because he needs help temporarily or to perform certain acts, may make his will without his consent. assistance of his adviser.

What form of will to adopt?

There are three forms of will, namely the holograph will, the will in the presence of witnesses and finally the notarial will.

For each form of will, certain formalities must be respected.

The holograph will

The holograph will is probably the simplest and most accessible method to express your last wishes. Indeed, the presence of a notary or a witness is not necessary.

Warning : A holograph will is often very incomplete and does not necessarily protect your heirs (seizure, divorce, debts, age to inherit, etc.) as can be done by a notarial will or a good will in the presence of witnesses.

Who must write and sign the holograph will?

The holograph will must be written in full by the testator without using any technical means. A typed holographic will is therefore not valid. However, the law no longer requires that the holographic will be written “by the hand” of the testator to take into account people with disabilities who write with their mouths or feet.

You must also sign your will. The will signed by a testator whose hand is guided by someone is void.

You can realise tax savings by investing in real estate classified historical monument.

Be careful however the variation of the market also applies to the classified monuments and thus the capital of this type of investment is not guaranteed. But buying a well classified or registered National Heritage can allow you to guard against the drops possible real estate prices.

Party wall surveyors Ipswich

The money invested is always available because you can sell your property is one of the advantages of the Historical Monuments. If you declared one because of renovations you will be asked to keep your property during the 3 years following the declaration of this deficit.

tax exemption historical monument
Do not think of making a fortune with this system, which is aimed more at passionate people wishing to help restore the national heritage. Indeed, the yield on the Properties Historic Monument rarely exceeds 3% gross.

If you live in a Property Historic Monument, the land charges of the occupied part are attributable to the overall income. In the event of a deficit, this can be deducted from unlimited income. It should be noted that the tax administration establishes that the occupied part of this style of housing generates expenses corresponding to a quarter of the total operating expenses.

You can deduct 50% of the expenses of interviews and travaus if you enjoy the totality of the property.

If the Property Historic Property is rented, you can deduct all land charges from your property income. In the case of a deficit, you can deduct this one without limit of amount.

Housing Housing Historical Monuments does not escape the ISF (ISF). But, this investment is not subject to inheritance tax, including for heirs who are not of the owner’s family. Finally, the objects of art that are present in the Real Estate Historical Monuments are exempt from taxes.

To obtain financial assistance in the renovation or restoration of a Property Historic Monuments, you must obtain the agreement of the Regional Directorate of Cultural Affairs. Then, the works will be supervised by the Architect of the Buildings of France or Historical Buildings which controls the follow-up of the specifications. For a building “registered” with the Historical Monuments, the subsidies can reach 15% of the total amount of works, whereas for a “classified” building, they go up to 35%. Remember that local communities sometimes provide subsidies.

Final thoughts

I believe that we should not see rent as an investment good, but as a form of access to housing. The current Government of the PP is taking measures in the sector exclusively protecting the landlord, excessively erroneous approach if you want to go in the line of promoting rent.

In conclusion, the only way to stimulate the demand for rent today is by encouraging the emancipation of young people, which is quite difficult with youth unemployment close to 50%. In spite of the fact that rent should be stimulated, it would be excessively wrong to promote this type of domicile through the reintroduction of the basic income of emancipation rightly suppressed by the current PP government to reduce the deficit. So, I believe that the optimal measure to encourage rent would be through tax deductions, previously eliminating the rebate for purchase of usual residence


You know the Philippines and you are planning to settle in this country to sink a happy retirement under the sun. The construction costs are ridiculously low, no binding standards and you plan to build the house of your dreams, on the seafront or in the mountains. Yes … but … attention!


I put these words roughly, bold and in capital letters so as to inform people who want or may be tempted to buy land in the Philippines. Party wall agreement Builders Aldershot


It’s clear, clean, precise and definitive. You are a foreigner, you can not own a land in the Philippines.


Let’s try now to see what we can legally do. There are some possibilities, quite limited and more or less binding.



You have the option of renting land for fifty years with the possibility of increasing the lease term of twenty-five years. This is a solution very often adopted by a foreign company investing in the Philippines. Not really the ideal.


One option is to buy one or more apartments in what we call here a ” condominium ” or condo.

Provided that 60% of the building complex (building or real estate) is owned by Filipino citizens, the remaining 40% can be bought by foreigners, under their own name. It is also possible to acquire a house with the land if the whole is covered by a title of condominium (RA 4726).


The majority of foreign pensioners who live here are married to a Filipina. They choose, most often, to build on land they bought from the family of ” Asawa ”. This avoids a number of problems, including the frequent occurrence of false title or lack of title. It is estimated that about 50% of the title deeds are false or tainted with errors that make them worthless.  Not to mention property taxes, which in many cases have not been paid for, sometimes for decades and the new owner will have to pay!


Before buying. Buyer, especially for those whose first purchase is made, never make a proposal for the property you have in mind before your lawyer or council verifies information about the property and the seller. In the event that you have been asked to make a proposal outside the presence of your board, do not ever sign a paper or document and do not under any circumstances make any money. Invoke that not understanding the laws of the country well, you need the assistance of your lawyer.


Once your lawyer has given you the green light, especially make sure the names on the documents are spelled correctly. Many mistakes on official documents and it is difficult, or impossible to make changes later. If your name is Dupont with at and the document says Smith with an ad, you can do “Tintin” on your title.


Generally, you will have to pay 10% of the amount of the transaction, this amount is stipulated in the preliminary contract which will also indicate a date when you will have to pay the balance as well as the taxes and sign the final contract. The deeds will then be recorded in the register of deeds, thus making the transaction perfect.


As a buyer, you will have to pay taxes and other expenses. Namely, 0.5% for transfer tax, 0.25% registration tax, 1.5% for tax documents and stamps. As a percentage of the amount of the transaction or the amount estimated by the administration if this amount is higher.


If you resell your property, you will have to pay all the unpaid taxes of the property, the agent if you go through an agent and 6% of the price of the sale of the property (capital gain). In the majority of cases, the agency fees are of the order of 5% of the amount of the transaction. If you buy or have built within 18 months of the sale, you are exempt from the 6% capital gain.


Should I Extend Or Sell My Home?

Should I Extend Or Sell My Home?

If you have built new home and want to leave your old home, then do it without having problem. But, what you will do of your old home. if you need money for having new home, then you can sold out your old home otherwise you can buy new home without selling old home if your financial conditions are better. It will be good if you sold out your old home if you have planned to shift new home which is in other city. Do not think that you have to sale your old home, if no buyer is available then give it on rent.

There are two best ways in which giving home rent makes sense. One of them is give your home on rent when you are shifting to new city only temporarily. Get back your home when you come back to your city. Second sense is that you are thinking that property rate will go on high within coming days in the area where your old home is. So, do not sell it in these two conditions and get higher price for this home in future. If you thought, your plan may change in future related to price then go to home extension builder Winslow and ask for consulting all things related to old home.

If you are thinking that property price will go high, then extend your plan to sale the old home at current time. When property price will go high, it will be massive financial change and advantage for you. Your short term goal is to sale home and property price is too less in current situation, so do not sale it in current situation. Get a long term property goal so that you will have higher financial gains. For having more financial gains, you have to keep your old property for long time and keep it.

Now, in this case you will worry that how you can manage two properties at a time. For managing two properties at a time, you may apply for home loan for having new property. Do not invest more money in old property because you have kept it aside for having financial gains in coming future. For maintenance of older home, consult to the home extension builder and he will guide you how to extend old property for long time.

Location plays very important role in gaining more financial gains. Your home town, city and street effect your home extension decision. In an expensive location area, you can dig under home for basement space and it will cost less as compared to getting new home. One of good idea is that you can also look on the prices of homes in your street and town which are sold out recently. Check out all prices in your area for shifting in bigger home from smaller home. Facts and figures are the best and plays important role in making effective decision. After getting location role, you will be able to take decision that you may take short term goal or long term goal for old home.