0
0
was successfully added to your cart.

Cart

Category

Wills and Succession Planning

Conveyancing GermanyEstate PanningGerman ProbateGerman Succession & Inheritance LawWills and Succession Planning

How to mitigate German Gift and Inheritance Tax by way of Niessbrauch (usufruct, life interest, reservation of benefit)

Why German estate planners and tax lawyers love the tool "lifetime gift with a reserved life interest" Any German testator who has offspring and who owns a significant estate and therefore asks their German tax lawyer about estate planning advice on how to transfer the family wealth onto the next generation without paying unneccessary German gift tax or inheritance tax, will, inter alia, be proposed to make use of the standard German estate planning tool…
Bernhard Schmeilzl
October 4, 2024
German ProbateGerman Succession & Inheritance LawInternational ProbateWills and Succession Planning

Can Brits with domicile in Germany avoid the German Compulsory Share Rules?

Theoretically yes, by using a choice of law clause in the will, but German Supreme Court established high hurdles If the deceased - regardless of their nationality - had their habitual residence (which is essentially identical with the main residence) in Germany prior to their death, German inheritance law applies, including the provisions on the compulsory share / forced heirship (Pflichtteil). More on those Pflichtteil rules here: https://www.crosschannellawyers.co.uk/what-are-the-german-forced-share-rules/ Thus, spouses and offspring, and even parents…
Bernhard Schmeilzl
February 13, 2024
German ProbateGerman Succession & Inheritance LawGerman Tax LawInternational ProbateWills and Succession Planning

Is there a Residential Nil Rate Band in Germany?

Yes, but only if the decedent was resident in Germany or a EU-member state Under German inheritance tax law (Erbschaftsteuer), the beneficiaries may claim an additional German tax relief for property of the deceased used as the family home (Familienheim), if the deceased gives said property to offspring (children or grandchildren), see section 13 para. 1 nr. 4 German Inheritance and Gift Tax Act (link). However, this additional German inheritance tax relief is only available,…
Bernhard Schmeilzl
December 4, 2023
German ProbateGerman Succession & Inheritance LawGerman Tax LawInternational ProbateProperty in GermanyWills and Succession Planning

How to mitigate German inheritance tax

Checklist for UK testators who own assets in Germany If someone who is domiciled in England, Wales or Scotland owns assets in Germany, they need to be aware of the fact that the German tax authorities (Finanzamt) may levy tax on these German assets or - in the worst case scenario - on the testator's entire global estate (in additon to HMRC taxing that same estate as well). Summary of German inheritance tax rules for…
Bernhard Schmeilzl
November 3, 2023
Family LawGerman LawWills and Succession Planning

How to Appoint a Legal Guardian for my Child in Germany

Can parents decide who shall be the legal guardian of their children? Yes, under German family law rules, they certainly can and should in fact do so. The German buzzword for this is "Vormundschaftsanordnung", meaning "provident appointment of a legal guardian for a minor". Guardianship is regulated in sections 1773 to 1895 German Civil Code. The most relevant statute for the topic discussed here is section 1776 German Civil Code, which states: Right of the…
Bernhard Schmeilzl
June 9, 2022
German ProbateGerman Succession & Inheritance LawInternational ProbateWills and Succession Planning

Sell Your Share in a German Estate — Even Before Probate

Renouncing the Inheritance Against Fair Financial Compensation If you have inherited in Germany but are not the only beneficiary, you may get tied up in the administration of such a German estate for years, because under German succession law, there is no personal representative (i.e. executor or administrator). Instead, the co-heirs (Miterben) deal with the estate themselves. Such a community of beneficiaries is called "Erbengemeinschaft". The practical problem: They have to work together and most…
Bernhard Schmeilzl
October 28, 2020
Austrian Inheritance LawAustrian ProbateGerman ProbateGerman Succession & Inheritance LawWills and Succession Planning

Overseas Inheritance? See My Answers to FAQs on Probate in Germany and England

Watch this Video by Cross Border Probate Expert Bernhard Schmeilzl, Esq. Overseas probate law expert Bernhard Schmeilzl has 20 years of experience dealing with international estate matters between the USA and Europe. He runs the leading blogs www.internationalprobatelaw.com and www.crosschannellawyers.com which provide practical information on how to obtain foreign probate and how to win contentious probate litigation in Europe. In this video, Bernhard answers the 24 questions on German and British probate that are most…
Bernhard Schmeilzl
August 27, 2019
German Succession & Inheritance LawWills and Succession Planning

The Number One Blunder made by English Wills & Probate Solicitors

What English Solicitors (and U.S. lawyers) tend to overlook when preparing Wills for overseas Clients We see cases like this all the time: A British (or American) expat lives in Germany for a few years and unexpectedly passes away while having his or her permanent residence in Germany. A British (or American) family moves to Germany permanently but keeps their English wills in place. Or they ask their English solicitor to prepare a new will…
Bernhard Schmeilzl
January 23, 2019