May 14, 2025
You can save a pretty penny in inheritance tax if you know how to take the right things into account in your will. In Finland, anyone can inherit less than €20,000 tax-free. A widow, on the other hand, inherits less than €110,000 tax-free. Inheritances can also be divided between several heirs. It is worth...
Apr 6, 2025
Marriages always end either in divorce or in the death of the spouse. Many people fail to make a division, i.e. to draw up official papers stating what part of the property belongs to each spouse. This division agreement should always be drawn up, even if the parties agree to divide the property. What is...
Apr 6, 2025
A distribution agreement must always be drawn up. It explains how the inherited property has been divided and what property each heir has received. It is also known as a deed of distribution and is a very important document, as it allows the heirs to...
Apr 5, 2025
The succession code's rules on rectifying the distribution of an inheritance are relatively new in many respects in our ageing succession law. Since 1 January 2016, it has been possible to rectify the distribution of inheritance from the outset, and a new Chapter 23a on rectification of the distribution of inheritance has been introduced into the Succession Code....
Apr 3, 2025
The purpose of anticipated inheritance is to ensure equal treatment between the heirs of the deceased's breast. A parent can give financial assistance to one of the children during his or her lifetime and designate the gift as an anticipated inheritance. In the final distribution of the estate, this child will receive less than the value of the gift...
Apr 2, 2025
The inheritance is divided among the heirs When a person dies, his or her estate, or inheritance, is divided among the heirs. The heirs are determined by Finnish law and by the will drawn up by the deceased. In most cases, the inheritance is distributed to the descendants of the deceased (which are...
