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...
Mar 3, 2025
The succession book is a list of the partners in the estate and of the assets and liabilities of the deceased and the widow or widower as they stood at the date of death. The succession book is a summary of the assets and liabilities of the deceased and of the members of his estate. In addition...
Nov 3, 2024
It is perfectly possible to transfer a share of the estate to another person. It is worth bearing in mind all the tax consequences. After the death of the deceased, a partner in the estate can transfer his or her share of the estate to another person, for example by selling or donating it. This can be anyone...
Oct 30, 2024
Sale of estate property Estate property can be sold before the distribution of the estate for a number of reasons. Sometimes the sale of assets is necessary in practice to provide the estate with ”liquid assets” to pay the debts of the deceased or the estate. Debts...
Oct 27, 2024
A summer cottage can be donated during your lifetime to your children or grandchildren. Making a gift during your own lifetime is an effective way to save on inheritance and gift taxes. You can retain the right of ownership of the summer cottage, which also reduces the amount of gift tax. A lawyer's tip:...
Oct 27, 2024
You don't have to accept the inheritance. By renouncing the inheritance, it can be passed on directly to the next generation, for example, thus saving inheritance tax. There may also be benefits in terms of reduced inheritance tax if the deceased's assets are distributed to more than one heir....
