Who administers the estate?

Who administers the estate?

The estate is to be administered jointly by all heirs. In some cases, a majority of votes among the co-heirs is sufficient. As an exception, a co-heir may also act alone.

How do I get information about my inheritance?

An heir must provide information about the estate to other heirs, persons entitled to a compulsory portion, legatees and creditors of the estate. For this purpose, the heir must usually submit a complete inventory of the estate. If important information is denied, this can be sued at the competent probate court.

How long does it take for the probate court to get in touch?

How long does it take for the court to inform heirs? This depends, among other things, on how quickly the right addressees are found after the will has been opened. In the case of an official will, it takes about a month. Sometimes half a year can pass.

Are you automatically contacted by the probate court?

Does the probate court automatically inform the heirs? As a rule, mail comes from the probate court. This happens regardless of whether someone knew beforehand what their parents, partner or grandma intended for them. In principle, each person named in the will is written to.

How long does it take to read a will?

As soon as the court becomes aware of the death of the testator, it must open a disposition mortis causa that is in its custody. According to this, the basic requirement for the opening of a will is that the probate court has knowledge of the death of the testator.

How long does it take for a will to be read?

The probate court learns of the death of a person when they are informed by the registry office or the German register of wills. Officially kept wills must be opened after 30 years at the latest, unless the testator is still alive.

What happens to wealth after death?

All assets such as real estate, securities, cash, but also all debts are transferred to the heir or heirs. The heirs do not even have to accept the inheritance. If there are children, he gets one half of the assets according to the inheritance law of the spouses, the other half goes to the children.

What is a power of attorney after death?

If your power of attorney ends with your death, the authorized representative will have a period of time in which he cannot act on your behalf. If, on the other hand, your power of attorney is valid after your death, your authorized representative can take care of the estate on your behalf.

What happens to assets if there are no heirs?

If there are no such heirs either, the state inherits. If single people do not regulate what should happen to their assets after death, people with whom they had no or only loose relationships may benefit. In a will, the testator can designate his heirs.