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...
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...
Reduce inheritance tax with a will

Reduce inheritance tax with a will

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...
Why should you split?

Why should you split?

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...
Rectification of the distribution of an estate

Rectification of the distribution of an estate

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....
What is the difference between an advance inheritance and a gift?

What is the difference between an advance inheritance and a gift?

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...