Inheritance tax was introduced in its current form in the German Reich as early as 1906. Since then, some things have changed, but the law is still based on the same premises. The most important of these is that inheritance is regarded as an increase in the assets of the heirs and must therefore be […]
Partial auction in community of heirs – The partial auction is a special variant of the forced sale and is used when several persons have ownership of a thing. This often involves land or real estate that is auctioned off and the proceeds divided among the owners. This situation often occurs in communities of heirs […]
Rejecting an inheritance – The inheritance can be rejected by any heir. This is particularly important if the inheritance is over-indebted or if, for example, dilapidated real estate is part of the inheritance. However, a disclaimer requires certain forms and deadlines that must be observed. Precise information about the assets and debts of the testator […]
Inheritance without a will – The law of succession comes into force when there is no will. This governs who receives the deceased’s assets after a death and how this is done. Communities of heirs may be formed where there are several heirs and the estate passes to them. Communities of heirs are automatically formed […]
Inherit debts – An inheritance does not primarily mean wealth and new possessions. An inheritance is often loaded with debts and means a lot of responsibility for the heirs. After death, the heirs take over not only the assets, but also the rights and obligations of the deceased. If this includes debts, the heirs are […]
Settlement of community of heirs – If a deceased person leaves several heirs and the division of the estate among the heirs is not consensual, the division is determined by law. Since the estate is a joint property, the co-heirs can only dispose of the inheritance jointly. If this joint disposition does not work, each […]
Sole heir – The sole heir is the one who receives the entire estate of a deceased person. However, if there are several legal heirs, the heir becomes the sole heir if he is expressly mentioned as the only one in the will. The acceptance of the inheritance is also accompanied by rights and obligations. […]
Partition order – Through the partition order, the testator can change the legal succession in his estate and determine which of his heirs should receive which assets. This allows him to make the order for the division of the estate. It is important to make a partition order specific and unambiguous so that the sale […]
Inheriting a property comes with a lot of responsibility. A number of questions regarding your inheritance and ownership must be clarified in advance. If you are the sole heir of the property, you can decide independently about a sale. The situation is different if there are co-heirs who may not wish to sell. What is […]
