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Inheritance law and real estate in Munich: Important tips from specialist lawyer Prof. Wolfgang Böh - read now!
According to a report from www.merkur.de, in many inheritance cases, real estate is part of the inheritance - especially in Munich, many millions of euros are involved. In certain cases, however, this raises particular problems of inheritance law. A specialist lawyer will explain this and provide important assistance for heirs. The current traffic and land values in Munich mean that real estate ownership in the city leads to enormous assets. This means that inheriting real estate can also lead to high tax payments to the tax office. In 2023, the costs of inheriting real estate have increased even further, affecting both testators and...
Inheritance law and real estate in Munich: Important tips from specialist lawyer Prof. Wolfgang Böh - read now!
According to a report by www.merkur.de,
In many inheritance cases, real estate is part of the inheritance - especially in Munich, many millions of euros are involved. In certain cases, however, this raises particular problems of inheritance law. A specialist lawyer will explain this and provide important assistance for heirs.
The current traffic and land values in Munich mean that real estate ownership in the city leads to enormous assets. This means that inheriting real estate can also lead to high tax payments to the tax office. In 2023, the costs of inheriting real estate have increased even further, which can pose major financial challenges for both testators and heirs.
Specialist lawyer Prof. Wolfgang Böh gives important tips and recommendations for various situations relating to the inheritance of real estate. He explains that a property can be taken over as a family home to claim tax exemption. Even with a community of heirs, the co-heirs must agree on how the property will be divided or utilized. In the event of disputes, the division auction at the local court can offer a solution.
Böh also points out that inherited real estate can lead to liquidity problems and he advises negotiating a deferral of inheritance tax with the tax office in order to gain time to sell the property. When dividing real estate in a will, he warns against unfair solutions, which often lead to disputes. Renting and inheriting property abroad can also lead to complex legal and tax problems.
According to this article, it becomes clear that real estate prices in Munich remain at an extremely high level and this is reflected in the form of high tax burdens when inheriting real estate. These developments can result in heirs facing major financial challenges and inheritance law specialists being increasingly in demand to find solutions to complex inheritance situations.
Read the source article at www.merkur.de