Wills and inheritance: Peru

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krisserlis
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Inheritance Laws in Peru

Postby krisserlis » Wed Jul 10, 2019 9:38 pm

Having just read the article posted on Expat Peru FB page, I understand what happens if you are residing in Peru and have property there when you die. Does anyone know what happens if you are a Peruvian dual citizen and have resided out of Peru for over 30 years and own property there?

This is my husband's situation. Neither I nor my daughters wish to inherit the property in Peru. We'd like it left in trust to my husband's siblings so that it can serve all of them. Is this possible? Two siblings hold poders to be able to sell the house. Would it be better to sell it now before my husband dies and invest the money and have dividends or interest used by the family in Peru? Not that I'm expecting my husband to die imminently, but are both getting on and I really don't want to be left with having to sort out the legalities of inheriting property in Peru - or worse my daughters, who have lived their whole lives in Australia - having to face this issue. Thanks!


RGB
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Re: Wills and inheritance: Peru

Postby RGB » Thu Jul 11, 2019 5:51 pm

Hello, Please note that if you do not want to inherit property in Peru, it will be advisable to sell it before. Indeed, once the owner of the property passes aways, you will need to face some legal issues in Peru. As we wrote, according to Peruvian international private inheritance law, a person’s inheritance shall be subject to the laws of his or her last place of legal residence, which is not always easy to enforce in Peru. Regards, RGB
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Alan
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Re: Wills and inheritance: Peru

Postby Alan » Fri Jul 12, 2019 11:23 am


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