Financial investments: savings account, call money and time deposit account

In addition to traditional savings accounts, you can also opt for securities as an investment. The interest rates are higher. The disadvantage, however, is that you cannot count on the money so well. You do not know in advance how the interest rates will develop, because they depend on the prices on the capital markets. In contrast, the classic investment of money in the form of a savings account, a call money or a fixed-term deposit account can be calculated exactly in advance. However, the interest rate can be significantly lower than if you invest in shares or securities.

Pay attention to the availability of the investment

If you have saved reserves for the purpose of construction financing, it is advisable to coordinate the investment of funds with your planning. This applies in particular to investments in securities and fixed-term deposits. The capital will not benefit you if it is not available on the due date. If you liquidate cash investments prematurely, you will often lose some of the interest or be charged fees.

Investing money from the sale of real estate in a financial investment

Similarly, you can transfer money you receive from a property sale into an investment. This is possible in the short or long term. Since most banks no longer pay interest on funds held in a current account, it is advisable to transfer funds that are not needed immediately from the current account to an investment. With the large amounts you get for selling a property, even low interest rates have a positive effect and you can make a positive profit. If you would like individual advice on financial investments to be used in connection with the sale or purchase of a property, we would be pleased to offer you our services.

Investment in shares and securities

Shares and securities are considered a flexible and very profitable investment. You can buy individual shares, or you can decide to invest in a fund. In this case, different shares are grouped together. The fund is managed by experts. In principle, you can buy or sell shares at any time at the current daily price. However, always keep an eye on the development of the increase in value. Also take into account that the securities account is subject to charges at many credit institutions. Furthermore, the purchase price of a share is higher than the issue price.

Value development: consider risk in calculation

In contrast to a classic savings investment, the performance can go down as well as up. You should also take this into account in your calculation. Compared with other financial investments, you can achieve the highest returns by investing in shares and securities. However, this may take some time. Knowledge of the market is an advantage. If you want to save money for a construction loan, stocks and securities are only a good choice if you plan for the long term. Short-term gains are theoretically possible. However, unlike the classic fixed investment, they cannot be planned.

Fixed investments with classic interest rates

A fixed-term deposit has a specific term. The interest rate is also fixed, so you know in advance how much money you will have available at the end. This is an advantage for construction financing. The disadvantage is that interest rates are at a consistently low level. This is especially true for cash investments with a short term. Also take into account that you usually do not have access to the money during the fixed period. You can terminate a fixed-term deposit in the normal way. However, you must observe notice periods of up to a quarter of a year and you will lose part of your interest.

Per diem account: Advantages, disadvantages, interest

You should only deposit money in a call account if you need it at short notice or do not know exactly when the withdrawal is necessary. Overnight deposit accounts are often linked to the current account. Transferring the money and returning it to the checking account usually takes one banking day. The advantage is the immediate availability of the money. The disadvantage is the low interest rate.

Real Estate Loan

A construction loan differs from the classic consumer loan by the more favourable interest rates and the longer term. The property serves as collateral for the financing. The debt is entered in the land register. If the instalments cannot be serviced on time, the bank has the right to terminate the property loan and pursue foreclosure. In this case, it gets back its money or a large part of it. Thanks to this deposited collateral, the bank has the possibility to grant more favourable conditions for real estate financing than for a consumer loan granted without the deposit of collateral.

Der Beitrag Investment: types, accounts, advice erschien zuerst auf ℄ Real Estates.

Intestate succession

In principle, the topic of “inheritance and estate” is always in good hands with a (specialist) lawyer. The construction of pre- and post-heirs is complicated. Nevertheless, there are a few easy-to-understand principles that every property owner should know and can also easily implement themselves. Here are some questions that come up again and again and which we will answer in the following.

• Pre-heir and post-heir – what is it all about?
• My mother is the previous heir. Is she allowed to sell her part of the house so easily?
• Is the owner (previous heir) entitled to sell the house without the consent of the subsequent heir or does the latter have to agree to the sale?
• I’m heir apparent, now what?
• House sale despite succession?

Pre-heir – post-heir: what does it mean?

Anyone who wants to bequeath something is free to determine the heirs and can therefore also transfer his or her inheritance to several persons in a staggered manner. The subsequent heir is then the person who receives the inheritance only after another person – the so-called previous heir – has previously inherited. The testator can, for example, choose an occasion or a point in time for the succession to occur, such as coming of age or passing the master’s examination.

The previous and subsequent heirs are both legal successors of the testator. However, they do not form a community of heirs in which they would inherit at the same time, but inherit one after the other due to the instigation of the testator.

Pre- and post-heirs for married couples – safeguarding assets in the family

The inheritance regulation by means of a pre- and post-heir is often used by married couples. In this way, they can ensure that all their joint assets remain in their own family. For this purpose, the spouses each name the other as a pre-heir and the joint children as a post-heir. Even in the event of remarriage after the death of one spouse, the assets cannot be inherited by the new spouse.

Pre-heirs – tasks, duties and rights

Pre-heirs are also referred to as ‘temporary heirs’. This is because they only have limited power of disposal over the estate. Particularly in the case of inherited real estate, this situation has consequences for both sides – i.e. the previous and subsequent heirs. First of all there is the inheritance tax. This is always payable initially by the previous heir.

• The previous heir must pay the inheritance tax from the funds of the previous inheritance.
• The previous heir is only the heir until the next of kin occurs.
• If a property is inherited and occupied by the previous and subsequent heirs themselves, no inheritance tax is payable
• The property must be owner-occupied for at least ten years after acceptance of the inheritance
• The owner-occupied living space must not exceed 200 sqm.
• Only then no inheritance tax is due

Statistics – Heritage in Germany

Read more facts and figures here: Real Estate Statistics. We also have other interesting studies, surveys and statistics on the topic: Inheritance in Germany.

Restriction of disposition – exceptions and rights of the previous heirs in real estate transactions

The previous heir cannot dispose freely of the estate. Inheritance law imposes certain restrictions on the disposal of the estate by the previous heir, because in the event of a subsequent inheritance, the assets should accrue to the subsequent heir undiminished. For example, the previous heir may not sell or give away any property from the estate without the consent of the subsequent heir. The previous heir may use other inheritance items for himself, but he is obliged to compensate the successor for the value of the item after the succession has occurred.

However, the testator may exempt the predecessor from many of these restrictions. This is then referred to as an exempt preheir. The “exempt estate” – which may then also include real estate – may be sold by the exempt previous heir alone, without having to obtain the consent of the subsequent heir.

Pre-inheritance & post-inheritance – advice from a lawyer

Broker tip: Watch out when buying inherited real estate

If a property from an estate is to be sold, there are many details to consider – for the seller and also for the buyer. At the latest here – after a lawyer has also been consulted for advice – the broker should come into play. The experts at Lukinski – Lukinski – have the necessary expertise to help with these complex issues.

Especially important: the real estate agent has the necessary distance to accurately determine the value of an inherited property. With inherited houses, money is often given away unnecessarily because the heir wants to get rid of his inherited property quickly. The opposite is also possible: so many memories and emotions are attached to the inherited house that the value is set too high. The property is then difficult to sell.

Find a broker as a pre-heir

Finding a broker as a pre-heir means paying attention to very special services. This is because the broker must be very familiar with the legal intricacies of succession and the connections between the pre- and post-heir.

Lukinski will perform for you as a pre-heir:

• The neutral valuation of your inherited property
• The professional sifting and arrangement of all documents from the inheritance necessary for the sale
• The professional and sales-promoting staging of your object (photos/videos)
• Your emotional state is given special consideration
• The proper creation of an appealing sales exposé
• The discreet placement of your property in all relevant media
• The analysis of our extensive customer file for suitable buyers
• The discreet organisation and execution of viewing appointments
• The discreet conduct of negotiations with prospective buyers (if desired, without your presence)
• Finalization of the purchase contract in cooperation with notaries

When will the broker be paid?

A reputable agent and real estate salesperson will only be paid upon a successful closing and will discuss their fee rate right at the beginning of the sales process. Openness and transparency are therefore fundamental criteria by which the house seller recognizes the good broker.

How much is inherited in Germany?

Here you can see inheritances and gifts in Germany. The survey ranges from 2008 to 2018 and shows that over 110,000 inheritances are distributed each year. Great potential for dispute if the community of heirs does not agree. Here you can find more interesting studies, surveys and statistics on the topic: Inheritance in Germany.

You can find more statistics at Statista

How much money is inherited?

Since 2014, Hamburg in particular has been at the top in Germany. Hamburg is currently at the top with 167.80 euros. In no other city is so much inherited. With a population share 2.19% of total Germany (1.82 million out of 82.79 million), a total volume of 305,731,600 euros is inherited annually.

• Population share Hamburg 2.19%
• Inheritance in Germany (comparison year) 109,635; statistically 2,401 inheritances in Hamburg
• Total inheritance (Hamburg / year) 305.731.600 Euro

You can find more statistics at Statista

Der Beitrag Pre-heir and post-heir: definition and tips erschien zuerst auf ℄ Real Estates.

Legal succession: This is how you inherit according to the law

Legal succession regulates both the order of heirs and the individual amounts that are inherited. First the closest relatives, such as children and grandchildren, inherit and then the more distant relatives, such as nephews and nieces. Closer relatives generally exclude the more distant relatives from inheritance. The proportion to which the individual heirs inherit is documented in the certificate of inheritance.

The legal succession is based on the Parantel – or order system. It divides the relatives into different orders. Accordingly, children and grandchildren of the deceased belong to the first order. Parents, siblings, nieces and nephews of the testator are assigned to the second order. The third order includes grandparents, uncles and aunts as well as cousins of the deceased. Spouses and registered partners are not considered relatives, but have the right of inheritance as spouses. This gives them a special status and limits the right of relatives to inherit. Relatives of the preceding order always exclude relatives of a subsequent order from the succession.

Read more on the subject of partition auctions in communities of heirs!

Separate community of heirs: settle debts, distribute inheritance

Ideally, the heirs of a community of heirs would pay any debts swiftly from the estate and then dissolve the community of heirs by distributing the surplus according to shares. However, this is often not the reality. Disputes within the community of heirs often ensure that they remain unresolved for years after the inheritance. Each member of such a community of heirs has the right to demand dissolution at any time, even without good cause.

Step by step: Dissolving a community of heirs

In order for a community of heirs to be dissolved without disputes, it is advisable to follow certain steps. From the correct valuation of the estate to inheritance taxes, there are important fromalien to consider.

Determine estate

Until the estate has been determined, a community of heirs cannot be divided. The heirs receive most of the information from the bank where the deceased had the accounts or deposits. In order to gain access to these, a certificate of inheritance or a will with a court-ordered opening protocol is required. However, debts are also part of the estate. In order to determine the estate completely, the debts and the assets should be compared and reconciled.

Pay off an estate debt

The debts of the estate can be paid by the heirs of the community of heirs from the estate. It is not uncommon for items belonging to the estate to have to be sold for this purpose, such as real estate or land.

Take into account gifts and donations

If an heir has received gifts or donations from the deceased during his or her lifetime, these may be subject to equalisation. The gifts that are subject to equalisation increase the estate arithmetically and are deducted from the inheritance quota of the donee. Each heir can request information from the others about such gifts so that they are correctly taken into account.

Sell indivisible items

If a true division is not possible for certain items, such as a property in the community of heirs, the heirs may have to sell this item or have it foreclosed. In order to do this, a realistic sales price must first be determined. If no agreement can be reached here, a partition auction can be initiated by one of the heirs.

Distribute divisible objects

The inheritance is to be divided in the first place in nature by the heirs. Each heir can therefore take items for himself from the estate in agreement with the other heirs. Money and securities can be divided by the community of heirs according to their respective shares.

Consider care services

If a child has cared for the deceased parent without consideration during his or her lifetime, compensation may be claimed for this. This must be appropriate to the duration, scope and value of the estate.

Notary helps

If an agreement cannot be reached, a notary can be called in by the community of heirs. This mediates between the heirs in order to reach an agreement as quickly as possible. However, it should be borne in mind that such assistance is associated with some costs.

Take account of the tax office

Inheritance tax is always payable on an inheritance. However, some things from the estate can be deducted from the tax, such as the costs of the funeral or fees for the opening of the will.

Learn more about communities of heirs!

Errors in community of heirs – Video

Questions on the topic: Deal with inheritance

If the deceased did not leave a will, there are usually many open questions regarding the distribution of the inheritance. The legal succession is supposed to regulate this case, however, it often comes to disputes between the heirs. So that no questions remain unanswered for you and you know all the facts on the subject of inheritance, the experts of Lukinski now answer the most important questions.

How can I dissolve a community of heirs?

A community of heirs can only be dissolved if the inheritance can be distributed with the unanimous consent of all heirs. Depending on the case, partial auctions or notaries may be necessary to help with this.

Can you transfer an inheritance?

Upon the occurrence of the succession, each heir may freely dispose of his or her share. A transfer of the inheritance to a third person is therefore quite possible.

Can you also sell your share in a community of heirs?

Your share of real estate or land in an estate cannot be sold until either you are the sole owner of that property by a unanimous vote of the community of heirs, or the community of heirs has been dissolved and the shares have been paid out.

What do I need to apply for a certificate of inheritance?

To apply for a certificate of inheritance, you need an identity card or passport, a death certificate from the deceased, a family register, the names and adresses of the co-heirs and other relatives, if applicable the will or the contract of inheritance or information about their custodians.

What is an inheritance settlement agreement?

An inheritance settlement agreement regulates the division of the estate according to shares within a community of heirs.

What happens in a partition auction?

In a partition auction, an item belonging to the estate, such as real estate or land, is auctioned off and the proceeds are divided among the heirs according to shares.

When should the inheritance be disclaimed?

The inheritance should be disclaimed if it is over-indebted and the assets cannot cover the debts of the estate, or if dilapidated real estate is part of the estate, the renovation of which would be too expensive.

Der Beitrag Legal succession: law & community of heirs in case of death + procedure / checklist erschien zuerst auf ℄ Real Estates.

Poggen Pohl – unique, excellent design kitchens

Poggen Pohl convinces with unique and excellent kitchens. In 2019, they won the German Design Award in the Kitchen category. The design reflects urbanity and mobility while being ultra-modern and unique. The design is a true inspiration and for every design lover a must in the property.

Hochstr. 49, 60313 Frankfurt

https://www.instagram.com/p/BwEpBwZFp39/

Küchenhaus Süd – the best manufacturers with high quality

In its showroom, Küchenhaus Süd offers kitchens from a wide range of manufacturers, such as Leicht or Siematic, and also plans many different models itself. Particularly high demands are made on the quality, because this must always be right. In addition to unique kitchens, cooking courses are also offered here, which guarantee a special evening.

Mörfelder Landstraße 77, 60598 Frankfurt am Main, Germany

https://www.instagram.com/p/BwSBcYCAT7c/

Kurttas kitchen studio – professional craftsmanship and technical innovation

Kurttas kitchen studio combines craftsmanship with the most modern design and the highest quality appliance technology. They offer not only special kitchens, but also technical innovation. The sound kitchen offered by Kurttas Kitchen Studio is controllable via Bluetooth and allows a glimpse into the future of kitchen innovation.

Gartenstraße 6, 63225 Langen

https://www.instagram.com/p/BwJ3y8YFpr2/

Bulthaup – minimalist and elegant

At Bulthaup, the individual wishes and living situations of customers are taken into account. The minimalist design of the kitchens combined with many years of experience and the best quality leads to the best possible result for the customer. The showroom in Frankfurt am Main represents the special design and the great flair.

Berliner Straße 29, 60311 Frankfurt/Main, Germany

Kitchen studio Brendel – personal consultation leads to the best result

At the Brendel kitchen studio you will not only find renowned brands, but also great designs. From Siemens and Miele to Blanco and Liebherr. The planning and personal consultation is for each customer in the foreground, so that all wishes are completely fulfilled. The Brendel kitchen studio in Frankfurt am Main inspires customers to create great designs and new ideas for their own homes.

Rödelheimer Landstraße 106, 60487 Frankfurt am Main, Germany

Heyne & Lehmhaus kitchen rooms – different styles, the right one for every customer

The Heyne & Lehmhaus kitchen rooms plan the perfect kitchen with a lot of care and love. Kitchen manufacturers such as Acheo, Häcker, Lancanche and Rational are represented here. The experts cater to the individual wishes of each customer and thus create kitchens in a wide variety of designs and styles. There really is something for every taste here.

Würzburger Str. 4, 60385 Frankfurt am Main

Lauterbach Schaap Küchen – Kitchen studio with cooking evenings

Lauterbach Schaap has been designing kitchen dreams for 25 years. They combine special design, kitchen architecture and a stylish way of life, which is reflected in the kitchens. Their kitchen studio also hosts regular cooking evenings to test the kitchens in action and inspire customers for their own property.

Große Friedberger Str. 40- 42, 60313 Frankfurt am Main

Kitchen plan – special accents through patterns and colours

Kitchen plan in Frankfurt am Main offers special us extraordinary design. Colorful tiles, patterns as accents and the most diverse styles can be found here and guarantee the perfect kitchen for all requirements. Also accessories for the kitchen, such as dishes, vases and decoration, which complete a kitchen are offered here to accompany the vision of the kitchen from start to finish.

Horst-Schulmann-Strasse 3, 60314 Frankfurt am Main, Germany

Küchenhaus Krömmelbein – highest quality for customer satisfaction and perfection

Küchenhaus Krömmelbein offers a complete kitchen planning service. From the planning to the visualization and the craftsmanship services, everything is offered here as a complete package. In addition, only the best brands can be found for both the kitchen and the kitchen appliances. The experts at Küchenhaus Krömmelbein offer the highest quality in perfection.

Ginnheimer Strasse 45, 60487 Frankfurt / Main

Der Beitrag The top 9 kitchen studios – Frankfurt am Main erschien zuerst auf ℄ Real Estates.