Inheritance

Inheritance and division of property

When a family member or relative dies, it is necessary to carry out inheritance procedures. Your family are not the only ones who will inherit. Your relatives, with whom you do not have a close relationship, may also be your heirs. If you have more than one heir, you will also need to draw up an inheritance agreement.

Inheritance

The first step in the inheritance process is to determine the heirs and the assets to be inherited. Inherited assets include debts. After comparing the inheritance assets with the debts, it is decided which of the three methods of inheritance should be used: simple approval, limited approval or renunciation. There is a time limit for limited approval and disinheritance, otherwise it will be considered as simple approval. The procedures for inheritance can be time-consuming and involve the following tasks If you have any questions about your inheritance, please do not hesitate to contact us.

Division of property

If there is more than one heir, it is necessary to decide how to divide the inheritance. This will be set out in an agreement on the division of the inheritance. If the inheritance is mostly cash and deposits, this is rarely a problem, but if there is little cash and deposits and a lot of real estate and movable property, it is not uncommon for disputes to arise as to how to divide the inheritance. If this is the case, please do not hesitate to contact us.

Specific items of inheritance procedure

When an inheritance occurs, it is necessary to carry out the following items from the determination of the heir to the determination of the inheritance division method and the implementation of the inheritance.

• Investigation of heirs
• Creating a list of legal inheritance information
• Inheritance property investigation, property list creation
• Creating a heritage division agreement
• Cancellation procedure of financial institution account
• Inheritance procedure for securities
• Changing the name of the car owner, etc.

Last Will and Testament

A Last Will and Testament is a document that you make to set out in advance how your property will be disposed of after your death. 
There are three main types of wills: a written will, a notarial will and a secret will. There are advantages and disadvantages to each type of will, so if you have any questions about which type of will to use or what to include in your will, please contact us.

• "A will can be made easily and inexpensively by writing the text of the will in your own handwriting. "Although it is more expensive, you can have your will kept at the Legal Services Agency to make it easier to find in the event of an inheritance.
• A "notarial will" is a will that is drawn up by a notary at a notary public office. The main advantage of a notarial will is that it is less likely to be invalidated and less likely to be disputed by your heirs. However, there are some disadvantages, such as the need for two witnesses and the cost.
• A "secret will" is a will that you make yourself, but which has only the existence of the will authenticated by a notary public. This also has the disadvantage of requiring two witnesses, being more expensive and more likely to be invalid than a notarial will.