Will and succession order

In Finland’s succession system, legal heirs have the right to a statutory share regardless of the will. The statutory share is half of a legal heir’s statutory inheritance portion. Calculating the statutory share requires a comprehensive overview of the estate’s situation, as it may be affected, for example, by the division between spouses and gifts made by the deceased during their lifetime.

 

Will and spouse, legal heir and statutory share

A will can, for instance, secure the financial position of a spouse (widow) in advance and ensure equal treatment of heirs.

If a will has violated a legal heir’s statutory share, the legal heir has the right to claim the statutory share despite the will. The deadline for this is six months from when the legal heir learned of the will.

 

Will and formal requirements

A will can be a relatively simple document externally, but understanding its implications always requires the expertise of a lawyer. The will maker must understand terms such as ownership, usage, or control rights. There are specific formal requirements for a will under the law to be valid.

 

Will and Attorneys at law Amos

Our office helps align the will maker’s objectives with the will and ensures that the will reflects our client’s wishes in terms of content. You can also store a duplicate of your will in our office’s safe. You can review our pricing here

Last will and testament

There are various types of wills.

A will can be, among others:

• Mutual will
• Ownership will
• Will of possession
• Right of use will

 

It’s advisable to carefully create a will

A will is an excellent tool to anticipate and plan how and to whom your assets will transfer after your passing. A well-considered and carefully drafted will can facilitate a harmonious distribution of inheritance in the future. In the will, it’s also advisable to address whether the spousal right of inheritance should be excluded for the heir.

With a will, it is possible to prepare for various situations and also make sure that your property will go to the persons or entities to whom you hope it will go.

 

A question related to the will for you:

Take a moment to consider how your assets would be inherited according to the law if you haven’t made a will. Who would inherit from you according to legal succession?

Afterward, reflect on whether this legal succession aligns with your preferences.

 

Will and inheritance taxation

Preparing for inheritance taxation is another good reason to create a will. A will allows you to specify the transfer of ownership, control, and income rights separately to different individuals. This can be advantageous from a tax perspective. When considering the content of the will, it’s essential to take tax consequences into account. The will maker may also have other objectives to consider, and a will drafted solely from a tax perspective may be inconsistent in the overall context.

 

Will and succession order

In Finland’s succession system, legal heirs have the right to a statutory share regardless of the will. The statutory share is half of a legal heir’s statutory inheritance portion. Calculating the statutory share requires a comprehensive overview of the estate’s situation, as it may be affected, for example, by the division between spouses and gifts made by the deceased during their lifetime.

 

Will and spouse, legal heir and statutory share

A will can, for instance, secure the financial position of a spouse (widow) in advance and ensure equal treatment of heirs.

If a will has violated a legal heir’s statutory share, the legal heir has the right to claim the statutory share despite the will. The deadline for this is six months from when the legal heir learned of the will.

 

Will and formal requirements

A will can be a relatively simple document externally, but understanding its implications always requires the expertise of a lawyer. The will maker must understand terms such as ownership, usage, or control rights. There are specific formal requirements for a will under the law to be valid.

 

Will and Attorneys at law Amos

Our office helps align the will maker’s objectives with the will and ensures that the will reflects our client’s wishes in terms of content. You can also store a duplicate of your will in our office’s safe. You can review our pricing here