Appointing a liquidator for a deceased person's estate

Appointing a liquidator for a deceased person's estate

Administration of the estate and administrator The estate may be administered by an administrator if one of the partners in the estate so requests. Usually, an administrator is requested when there is a dispute about the administration of the estate. The court will appoint...
How to make a last will and testament in Finland

How to make a last will and testament in Finland

Last will and testament According to the laws of Finland the primary heirs are the deceased's children, stepchildren, adopted children and their children. If the deceased has not any of the above, the inheritors will be the spouse, parents and the siblings, or their...
Inheritance division

Inheritance division

The heirs may distribute the estate in any way they wish, provided that certain matters have been settled before the distribution. Do I have to register my succession before the distribution of the estate? The deceased's will must be drawn up before the distribution of the estate. In the distribution of the estate, the deceased...
Who are the partners in the estate, i.e. the heirs?

Who are the partners in the estate, i.e. the heirs?

The succession consists of the partners in the estate. The members of the estate are the heirs, the beneficiaries of a general will and the widow. The estate is therefore an association between the partners until the estate ceases to exist. A person can also be a partner in a succession in a...
Can a child be disinherited?

Can a child be disinherited?

Disinheritance Leaving your child completely uninherited is not possible without good cause. Bad relations or disputes are not sufficient grounds. The nearest surviving heirs at the time of the deceased's death are entitled to a legal share of the estate, i.e. half...
Reduce inheritance tax with a will

Reduce inheritance tax with a will

You can save a significant amount on inheritance tax by ensuring the right considerations are included in your will. In Finland, anyone can inherit up to €30,000 tax-free. A spouse, on the other hand, can inherit up to €120,000 tax-free. Inheritance can also be divided among multiple beneficiaries. It is advisable...