For many heirs, grief, joy and sorrow are closely linked. When you inherit a house, this process is always linked to a painful, emotional loss. After some time, a slight joy spreads and you realize that you are a homeowner. At the same time comes the worry that the tax office will demand inheritance tax […]
Properties inherited in community pose a particular difficulty when selling. Within the framework of a community of heirs, there are several owners in the land register. This circumstance has a detrimental effect on the interest of potential buyers and makes the sale process more difficult. There is a solution to simplify the settlement and at […]
Houses are among the most frequently inherited and often lead to doubts. As a spouse or child of a decedent, you face many questions and difficulties from one day to the next when you inherit. In the simplest case, if you inherit a house purchased jointly with your spouse, you will want to continue to […]
House & apartment for sale in Trier – Not far from Luxembourg, in the southernmost part of Germany and directly in the Moselle wine region, lies the city of Trier, which was already founded in Roman times. Numerous architectural monuments, such as the Porta Nigra, are witnesses of the past and characterise Trier’s townscape. As […]
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 […]
Will – The distribution of the assets of a deceased person can be recorded before death in a written statement, which is the will. Every person is capable of making a will from the age of 16 and does not need a notary in the case of a handwritten will, as the testator draws it […]
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 […]
