Category: Immobilien Erbe

Inherited property: should you accept or renounce the inheritance? If you inherit a property, it is important to gain a clear picture of the deceased’s financial circumstances. Only then can you decide whether to accept or renounce the inheritance. This is particularly true in the case of relatives with whom you had little contact,

Gifting rather than bequeathing: transferring property during one’s lifetime If you already know that you or your siblings are set to inherit a property from a relative, it may make sense not to wait until the person’s death. Instead, an ‘advance inheritance’ is often a good option, whereby the testator gifts their assets whilst they are still alive.

Community of heirs: When several people inherit a property If you do not inherit a property on your own, but jointly with siblings, stepchildren or other relatives, you form a community of heirs. This means that every decision concerning the property must be taken jointly. In contrast to sole inheritance, where a single person is free to make decisions,

Amending the Land Register following the inheritance of a property Anyone who accepts an inherited property must have the ownership details updated in the Land Register. The Land Register is maintained by the relevant local civil court and records all ownership details as well as any charges on the property, such as mortgages or land charges. Why is it necessary to amend the Land Register? Once the amendment has been made, you will be officially recognised as the new owner in the

Wills and inheritance agreements: managing the inheritance of property in a targeted manner When it comes to bequeathing property, it makes sense to set out your final wishes in writing. In the absence of a will, statutory succession applies, which may result in several heirs inheriting shares of a property – a scenario that often leads to disputes and protracted legal battles. Why