Expats 'should consider finances'
Overseas property buyers have been advised to consider how moving abroad could affect their finances.
David Elms, chief executive of Unbiased.co.uk, said that different countries had various ways of dealing with issues such as inheritance, meaning that it was important to check the rules in advance.
Speaking to BBC News, he stated that it would be beneficial for expats to find out how their estate would be treated upon their death.
Mr Elms cited Spain and France as examples of countries that differed from the UK, as people's wills could be overridden to make children the main beneficiaries instead of the spouse.
He commented: "You will need to make a new will to comply with local law if you retire abroad, an important issue which may easily slip off the to-do list."
However, Mr Elms stated that people would still need to have a UK will if they owned property in Britain.
This comes after PricewaterhouseCoopers said it was "essential" for overseas property investors to get good advice in order to make sure they were familiar with all the necessary rules and regulations.
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