A limited liability company consists of several bodies. The managing directors deal with the day-to-day business and other matters of the company and represent their company externally in accordance with the GmbHG. The supervisory board is required by law above a certain number of employees and acts as a controlling body of the company by […]
Terrace – By definition, a terrace is a covered or uncovered larger platform on a house for outdoor living. It is located at the ground floor level of a building or on the roof. The living quality of a property can be enhanced by the terrace, which also increases the property value. As an outdoor […]
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 […]
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 […]
Furniture for your garden – Lying on the lawn of your own garden in summer, enjoying the sun in the Hollywood swing or having breakfast comfortably with the family. For many people, a garden is a great luxury that can increase the value of a property immensely. In order for the garden to become a […]
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 […]
