
Real estate inheritance checklist
Determining the estate
- Do you already know what liabilities exist?
- Who is listed in the land register?
- Are you already in correspondence with banks and insurance companies?
- Have you reviewed bank documents, account statements, and insurance documents?
- Have contractual partners such as employers, pension funds, insurance companies, landlords, or creditors already been informed?
- Please note: Until the inheritance has been finally accepted, you are only acting as an agent for the estate.
- Wills and succession: Who inherits the assets?
- Was a notarized will drawn up during the deceased's lifetime?
- If so, where is the will located?
- Have you already looked in your personal documents to see where a will is located?
- If you do not know where it is located, have you already submitted a request to the probate court (local court or notary's office)?
- If you are in possession of the will, have you already submitted it to the probate court?
- What is the legal succession if there is no will?
- If no will or written document can be found, the estate is divided among the surviving relatives according to compulsory portions.
- It is inherited according to the degree of kinship; the further removed someone is from the deceased, the smaller their share of the remaining assets. Spouses and children are considered first-degree relatives and are particularly favored.
If you are considered an heir, you must ask yourself whether you want to accept the inheritance or renounce it
- How large is the estate and what exactly is being inherited?
- Are there any debts?
- Are there any restrictions or conditions attached to the inheritance?
- How much time do you have to decide for or against the inheritance?
- Have you already made appointments with a lawyer so that you can meet the deadlines?
Have you inherited real estate and are still unsure about the best solution for the property? Contact us! We will be happy to advise you.
Notes
For reasons of better readability, the generic masculine form is used in this text. Female and other gender identities are expressly included insofar as this is necessary for the statement.
Legal notice: This article does not constitute tax or legal advice in individual cases. Please consult a lawyer and/or tax advisor to clarify the facts of your specific case.
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