What happens if either I or my Co-owner dies?
Jointly owned property does not automatically pass to the survivor. It will (subject to the limitation imposed by Turkish law) be dealt with according to any instructions which you leave in your Will (either English or Turkish) or, if you do not leave a Will, under the rules relating to intestacy.Turkish law imposes restrictions on the freedom of a Turkish person to leave their assets as they please on their death and also insists that foreigners abide by those restrictions. This is a complex area about which we are happy to give advice. It is important to bear in mind the inheritance consequences of your choice of form of ownership -particularly as the right choice will not only ensure that the right people will inherit the property but can save you thousands of pounds in taxes as well. It is, generally, much cheaper and simpler to deal with your affairs in Turkey if you have made a Turkish Will.