Estate Directory: Tips for Optimal Estate Planning
Table of contents:1. Introduction to Home Maintenance the Register of Successions2. Legal basis and requirements3. Preparation of a list of successions4. Content and structure of the list of successions5. Valuation of assets6. Debts and liabilities in the estate register7. Dealing with real estate in the estate8. Digital heritage and estate register9. Conclusion and final tipsIntroduction to the estate register
The estate register is a central instrument in German inheritance law and serves to record and evaluate the entire estate of a deceased person. It is essential to make the financial circumstances of the testator transparent and thus also to contribute to the avoidance of disputes between the heirs. This section discusses the legal basis, the meaning and the individual components of an estate register. Legal basis
The obligation to draw up an estate register results from § 260 of the German Civil Code (BGB). It states: “The heir must provide the person entitled to the reserved portion with information on the existence of the estate on request.” As a rule, information is provided by means of a written list of the estate, in which all objects of the estate are listed and evaluated. This obligation applies to all heirs, regardless … Read the rest