• 25/06/2022
  • By wizewebsite
  • 506 Views

O Heritage I: Who and what share will he inherit without a will?<

Not to solve the inheritance is the lightest solution for the testators.This decision does not bring any worries about writing inheritance or will, and there are no disputes of the heirs during the deceased's life.However, in the will and inheritance contract you can take into account many circumstances (including inheritance).In today's article, we will focus on the inheritance sequence, the order in which the heirs and what share will be inherited.Next time we will look at another possibility of inheritance - an inheritance contract and when it is preferable to donate property before death.

Heritage can be the cause of many sleepless nights

Source: Shutterstock

Inheritance tax

The inheritance tax is not paid because it has been canceled.The property you inherit but you have to include in income tax.However, as a heir you are exempt from the tax, but count on the costs associated with the payment for notaries (mostly part of the value of assets in units of percent), or with fees associated with estimates of assets.

Dictionary

Who is inherited by law?

O dědictví I: Kdo a jakým podílem bude dědit bez závěti?

The new Civil Code brought changes in the inheritance classes, according to which the testator did not address the inheritance (not written will or inheritance contract).The inheritance is divided into classes, if the heir is not found in the first grade, the second, third grade, etc.: will be advanced::

If there is no heir who falls into one of these classes, the inheritance will fall into the lap of the state.The state costs hundreds of millions of crowns a year.

For a quick overview of the inheritance sequence, see a simplified graph:

Source: Civil Code

Heritage and Registered Partners

Czech law looks at the heritage of registered partners as spouses.It belongs to the first and second grade.If partners are not registered, it depends on whether they shared a household or not.However, the difference between spouses and registered partners is in the creation of a common property that does not arise from registered partners.Even after registration, the ownership of the assets is divided between partners into two piles (style is mine, it is yours), which can be a problem in heritage or breakup.Therefore, we recommend (not only) registered partners carefully archive all contracts and invoices.


Read also:

Euro.cz - changes in inheritance law

What changes in the inheritance brought the Civil Code?

When will you pay tax when selling a property?


What to do when debts are inherited?

The estate that you can inherit can not only create assets, but also debts.You can have a notary listing an inventory of the estate that should include all assets and debts.If debts exceed the value of assets, we recommend the rejection of the inheritance.You have the right to do so, but only 30 days since it was told by the court (notary) the possibility of rejection.You can also refuse the inheritance during the life of the testator.