How is inheritance tax determined?

How is inheritance tax determined?

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...
Minor as a partner in an estate

Minor as a partner in an estate

A minor is a person under the age of 18. The estate is the total of the deceased's assets, debts and partners. A minor can be a partner in an undivided estate either by universal testament or by succession. A minor must be appointed...
Can an estate be sold or donated?

Can an estate be sold or donated?

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...
Sale of the property of an undivided estate

Sale of the property of an undivided estate

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...
Criticising the distribution of an inheritance

Criticising the distribution of an inheritance

The distribution of an inheritance does not always go as expected, and sometimes one of the partners in the estate discovers a mistake in a distribution that has already been made. In such situations, the partners have the possibility to ask for the distribution to be annulled or corrected by bringing an action for annulment in court. The...