Q AFFAIRS IN ORDER
My husband and I neglected to update our wills when we married 15 years ago, and we are now looking to rectify this. In 2015 we bought a French property to use as a holiday home. We had a tontine clause inserted at the compromis de vente stage of the purchase so that on the first death, the surviving spouse becomes the sole owner. We also own our home in England.
I have no children but my husband has two adult children. In my will I want to leave everything to my husband, but if I outlive him I intend to leave it all to my stepchildren. (I do know that they will incur 60% inheritance tax on the French property. I’ve read that there are ways around this but I don’t know what they are yet.)
My husband intends to leave everything to me unless he outlives me, in which case he will leave it all to his children.
Can a UK will include our property in France? If so, does that mean that UK law can be applied so that the children will get the property, or will there need to be something different put in place?
If possible, we will need to go along the cheapest route available to keep costs to a minimum.