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Inheritance and succession: Ways out of the tax trap
Continuously rising real estate prices are not only driving up costs for buyers, but are also increasingly burdening heirs with high tax demands. Particularly in large cities like Munich, where real estate prices have practically exploded in recent years, heirs often find themselves in financial difficulties. The high value of inherited properties means that descendants…
21/11/2024A ruling by the Higher Regional Court of Düsseldorf: Freedom of disposition in a Berlin Testament only during the testator’s lifetime
Het Hoger Regionaal Hof (OLG) van Düsseldorf heeft in zijn beslissing van 20 april 2018 verduidelijkt dat de formulering ” De overlevende van ons zal door dit testament noch worden belast noch beperkt en mag zijn bezittingen vrijelijk op welke manier dan ook beschikken ” uitsluitend betrekking heeft op juridische transacties tijdens het leven van…
20/11/2024Federal Court of Justice: Online sports betting without a license is prohibited
The Federal Court of Justice has repeatedly made it clear that it considers online sports betting in Germany without the required license to be illegal. “The consequence is that players can reclaim their losses from illegal sports betting on the internet,” says lawyer István Cocron, who has already successfully enforced this claim for numerous players.…
20/11/2024Loneliness in old age: What seniors without heirs should consider
Many seniors spend considerable time in their later years considering what should happen to their assets after their death. However, there aren’t always close relatives who are eligible to inherit. A specialist lawyer explains the legal options available in such cases. Challenges for seniors without heirs Older people often live without a partner, children, or…
17/11/2024Billions in losses due to crypto fraud: Victims and perpetrators in a perfidious system
Worldwide, fraud involving crypto assets causes up to €70 billion in damages annually. New victims are claimed almost daily, including in Germany. However, the perpetrators are often victims themselves, trapped in a web of modern-day slavery and cybercrime. The insidious scheme behind the fraud Using sophisticated psychological methods, people are lured into investing in cryptocurrencies…
14/11/2024Rights and obligations regarding burial and grave maintenance
The right to care for the dead Who has the right to decide on burial and grave maintenance? Conflicts often arise among bereaved relatives regarding how the funeral should be arranged or how the grave should be cared for. This year, the Federal Court of Justice had to address the question once again of who…
12/11/2024If there is no will: Legal succession and conflict avoidance
What happens if there is no valid will? Often, an estate is divided among several heirs, which can lead to conflict. This article examines the legal order of inheritance and shows how disputes among heirs can be avoided. There’s a saying: ” You only see a person’s true character when there’s something to inherit .”…
11/11/2024Funeral Costs
“Nothing is free, not even death,” as the saying goes. Indeed, funerals can be very expensive. Even a simple burial can cost up to €4,000, while the average funeral costs are around €5,000. Amounts of €10,000 and more are not uncommon. The costs vary depending on the type of funeral, its design, and the region.…
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