Insolvency proceedings

Insolvency proceedings

Topics typically covered in a settlement include: taking possession of the estate the probate stage wills partition divorce agreement the legal part of the will sale of the estate's assets over-indebtedness of the estate renunciation of the estate liability of the partners of the deceased and...
What is a universal will?

What is a universal will?

In a general will, the testator designates all or a certain fraction of his or her property to a specific person. In contrast, in a general will, the testator makes a general provision for his or her estate, without the will covering any...
Impeachment of a will

Impeachment of a will

A challenge to a will is a claim by the heir that the will is invalid. The court can declare a will invalid if there are errors in the will, such as the testator being underage or the formal requirements of the will being...
What is a universal will?

Summary of the deed of succession

The distribution of an estate can be carried out by contract or by delivery. In a contractual division, the partners agree among themselves on the distribution of the estate. The distribution agreement contains the shares of the estate, the assets to be distributed and the names of the heirs. In a distribution by delivery, the estate is divided by the executor...
Winding up the estate

Winding up the estate

The estate is created when the deceased dies and ends when all his or her assets have been distributed to the heirs. In addition, the termination of the estate requires that the deed of distribution or the agreement on the distribution of the estate be submitted to the Tax Administration. This is often referred to as the probate...
Service of wills

Service of wills

What is the service of a will? A will may infringe the right of heirs to inherit, which is why heirs always have the right to comment on the will and its contents. In order to exercise this right, the testator must give the heirs...