I think the simplest and surest solution in such cases is to arrange things to that your wife outlives you.
Now there’s a dangerous notion for the notaire to float…
From each parent, no? So if you legally adopted them, they would have a 100K allowance when they inherit from whichever out of you and your OH goes first, and then another 100K allowance when the other of you follows. Am I wrong?
You can also adopt your stepchildren (unlike the UK you can adopt an adult) which changes the IHT situation completely in the event of your wife predeceasing you.
Edited to say @Sandcastle@tim17 snap!
Argh should have read further upthread.
As far as I can find out… the surviving spouse might/will (in all probability) have an “estate” to leave on eventual death and thus the Inheritance Law clicks in again… with the tax-free levels coming into play for the heirs… once again
Yes but I think you’ll find that each inheritance is treated separately.
E.g. the allowance you get on inheriting from a sibling applies every time. If you have five siblings and they all leave you something, the process would be the same each time and you would get the same allowance each time.
The death of parent A is one inheritance, it is processed as per succession law and any taxes due are calculated and paid and the exercise is closed.
The death of parent B is a separate inheritance. It is processed as per succession law and any taxes due are calculated and paid.
If a child’s parents have separated and one or both has remarried, there has been no adoption, the direct line allowance will apply to its inheritance from its natural mother and its natural father, even if they’re no longer together, but not to the inheritance from any step parent.
That is how I have always understood it.
I have no experience of adoption but I imagine it would change things.
"On 13 August 2021, the French Constitutional Council will give its opinion regarding the “Law to strengthen republican principles” which was adopted on 23 July 2021. This ruling may have far reaching consequences… "
I’m searching for the update which tells us exactly what was agreed…
does anyone have the new link… ??
perhaps it’s been buried under all the covid data.
Christophe Kelvin Dutertre (director of FranceTaxLaw) formerly of CKD Consultants and AFL (although I believe AFL asked him leave). Regular poster on FB Strictly Legal (and whose moderators are aware of his history). Having bought a house where he acted for the sellers, I can attest to him taking shortcuts. This said, I believe him to be very knowledgeable, but I would not engage him personally. Here is his lamentable SRA entry - https://www.sra.org.uk/consumers/register/person/?firstName=Christophe&lastName=DUTERTRE&sraNumber=499818
Good grief… having wandered through page after page/site after site … it’s seems (to me at least) that the inheritance bit of the Constitutional Council’s debate/ruling/whatever…
is as clear as mud and will probably/hopefully be clarified (in simple layman terms) at some stage.