If you have property outside of the EU then this is interesting but pretty much irrelevant … sorry.
If you have a holiday or other assets within the EU then currently you have to have a Will in that Country. You also have to consider that other countries have rules which mean that you MUST give at least half of the estate to the kids. This is known as “Forced Heirship”.
In continental Europe a big part of an estate (often around half) is reserved for the surviving children of the deceased and must be equally divided between them. This forced heirship makes it impossible to disinherit financially irresponsible children (I hope my parents aren’t reading this!); it also makes it hard to reward the deserving by, say, leaving more to a daughter who gave up a career to care for her ailing parents.
Also “clawback” laws in many countries stop parents from dodging forced heirship by giving assets away in their lifetime. This applies to gifts made in the last years of life (two years in Austria, ten in Germany), or much longer: in some countries, no time limit applies.
If you are resident in England with real estate in France, for example, the laws of forced heirship will apply to that part of your estate in France.
Well after 17th August 2015 the rules change due to one of those EU Regs (REGULATION 650/2012 OR THE BRUSSELS IV) coming into operation. A catchy title indeed.
English common law means English testators can leave their assets to whomsoever they wish, (subject to the Inheritance Family Provisions legislation). This is known as testamentary freedom.
When the new regulation comes into operation, the succession rules imposed by forced heirship will change. Any British national who has property in one of the participating Member States can choose the country of their habitual residence or nationality as the law to govern who gets what when they die.
In other words, they can put a provision in their wills stating that they wish English law to be the applicable law for their assets situated in an EU State.
“I, Tom Cat, wish the devolution of my property in Spain to be governed by the law of my nationality”. Tom can put this provision in his will even if he lives in Spain and not in England. This is known as a nomination and people with property in an EU state really should consider a new will to take advantage of this amazingly useful new Regulation and make the appropriate nomination.
The new regulation applies to all citizens wherever they hail from, so Bruce, an Australian national, with property in a participating EU State can make a nomination for Australian Law to apply to his property in France.
And although the UK has opted out of the Regulation