Wills, Inheritance & Trusts

Wills

Contrary to Germany, a will in Florida In must comply with Florida Statutes 732.502. Every will must be in writing and be properly executed by the testator in the presence of at least two attesting witnesses.

Living Trusts

A living trust, also known as a revocable living trust or inter vivos trust, is a legal arrangement that allows an individual (the "grantor" or "settlor") to transfer ownership of their assets into a trust during their lifetime. The grantor retains control of the trust and can make changes or revoke it as needed.

Probate

Probate is the legal process through which a deceased person's assets and liabilities are settled and distributed to their heirs or beneficiaries according to their will or, if there is no will, according to state law. It is a court-supervised procedure that ensures the orderly transfer of assets and resolution of any outstanding debts or claims.

International Inheritance

International inheritance, also known as cross-border inheritance or foreign inheritance, refers to the process of transferring assets and property from a deceased person (the decedent) to their heirs or beneficiaries when one or more of the parties involved are in different countries. Inheritance across international borders can be a complex and multifaceted matter, involving various legal, tax, and administrative challenges.

Real Estate implications

International real estate inheritance involves the transfer of real property (such as land, buildings, and other real estate assets) located in one country to heirs or beneficiaries who may be residents of other countries. This process can be complex and involves various legal, financial, and administrative considerations.

Tax Implications

The primary purpose of a dual taxation treaty is to ensure that a taxpayer does not pay tax on the same income or assets in both their home country (residence country) and the country

General Advice / Other cases

We are happy to evaluate your case and offer specific advice on any other topics related to inheritance matters.