TKenney, Ph.D. : You will have no inheritance taxes to pay.
TKenney, Ph.D. : In french law, since August 22, 2007, surviving spouses and partners related to the deceased by a civil solidarity pact (PACS) are exempt from inheritance tax.
TKenney, Ph.D. : In case my wife dies, the legal owner of the flat will depend on if your wife leaves a will or not.
TKenney, Ph.D. : In the absence of a will, If the deceased spouse leaves descendants, the surviving spouse receives either: All the assets of the deceased usufruct right to use the property and collecting the fruits of the (housing tenure, collecting rent a property ...). A quarter of the estate of the deceased freehold. The option of the surviving spouse must be exercised within three months after the death, otherwise it receives the assets in usufruct. exceptions: In the presence of children whose paternity is established in respect of the deceased spouse, the surviving spouse has no choice: he receives a quarter of the assets with freehold. The spouse who opts for the usufruct can transform into a life annuity.If the deceased spouse leaves his father and / or mother, the surviving spouse receives: half of the heritage of the deceased spouse if both parents of the latter are alive; three quarters of the heritage of deceased spouse if one of the parents of the latter is still alive.In addition, regardless of the family situation, the surviving spouse receives: free allocation of housing for one year; the right to use the housing and furniture until his/her death, against remuneration; alimony paid by the heirs in case of need.
Customer: Thank you. Is the Contract de Mariage considered a Civil Solidarity Pact PACS ?
TKenney, Ph.D. : No, the Contract de Mariage is not considered a Civil Solidarity Pact (PACS). A PACS is a civil union in France.
TKenney, Ph.D. : I am glad I was able to answer your question. Please don’t forget to provide a positive rating so I can get credit for the service I provided to you. If the answer was particularly helpful a BONUS is always appreciated too! Best regards XXXXX XXXXX!
Customer: Thank you. Can you please confirm that in case of my wife's death; I will not be liable for any inheritance tax for the flat we live in, which is owned legally by my wife, inspite of a Contract de Mariage between me and my wife . Am I also correct in understanding that if there is no " will " I become the legal owner of the property in spite of the Contract de Mariage and my son will not be liable for any inheritance tax as long as I live . The services you have provided has been very helpful . Mr. Haluk Alim