by deedee on Wed Mar 01, 2006 7:34 am
I am living in uk with husband ,two kids. My mother past away last year,who had 50% of house,company(now sold),other assets shares,money. My brother and I both have 1/3 share of mum's share and dad has 1/3 share.Dad has his own 50%. In Holland the law is that the full inheritence go towards the partner(dad) and stay under his control until dad passes away. During the time dad is alive,my brother and I will get an interest over the inheritance. Now the question at the time was, does this have any implications in uk?(dad's q's).Is it better to keep money there? I am resident here,but still hold a dutch passport,driving licence etc.Whether I am a domiciled or non-domiciled I do not know. The will is according to dutch law.
2) My husband in the meantime has no work due to rare severe arthritis,he cannot work.Which I'm sure makes things more complicated.I am volenteering.
3)My dad has now a new girlfriend,who is a big spender,how do we protect our share?(mum never was)
4)Dad is thinking,as dutch inheritance laws have changed recently,to cut down on taxes to
*pass the house on to our names(bloot eigendom-meaning we 'own' it,but he and my brother continue to live in it).
*to give us usufruct?? which would be then 1/6 instead of 1/3 of the inheritence and then we do not qualify for the interest option.
My brother and I do not have a lot of communication with dad at the moment.
What should I do to protect my share,we are talking about an substantial amount.I would like to have my share that was due to mum,she died young instead of my dad wasting it away to some girlfriend who is just after dad's money! As well that I worry about the fact my husband suddenly fallen ill,since last year. I don't know Dutch laws and I certainly do not know English law. And no money available to hire an expensive lawyer or taxaccountant!!!
Good advice or intro would be appreciated.