My inheritance in Greece and How to claim it
Inheritance laws and procedures can vary from one country to another, and Greece is no exception. To claim an inheritance in Greece, you’ll typically need to follow a specific legal process. Here are the general steps you should consider:
Locate and Verify the Will
If the deceased person left a will, it should outline how their assets and properties should be distributed. The will might name an executor who will oversee the distribution. If there’s no will, Greek inheritance laws will determine how the estate is divided among the heirs.
Probate and Estate Administration
In Greece, the probate process is called “certificate of inheritance”.” This process involves proving the legal validity of the will or confirming the heirs if there is no will. This typically involves the involvement of a notary or a lawyer who will help with this process. A notary is often involved in settling the deceased person’s estate.
Inventory of Assets
An inventory of the deceased person’s assets and liabilities must be prepared. This includes real estate, bank accounts, personal property, and any outstanding debts.
Payment of Debts and Taxes
Before distributing the inheritance, any outstanding debts and taxes of the deceased must be settled. Inherited property gives rise to certain taxes that must be paid to the state by the legal heirs of the property.
Distribute the Inheritance
Once the debts and taxes are settled, the assets can be distributed among the heirs according to the will or the Greek inheritance laws if there is no will. The distribution is usually carried out in accordance with the deceased person’s wishes or, in the absence of a will, the legal order of inheritance.
Inheritance Tax
In Greece, there is an inheritance tax that is imposed on the value of the inherited assets. The tax rate depends on the relationship between the deceased and the heirs, with close relatives generally having lower tax rates. It’s important to ensure that the necessary taxes are paid during the inheritance process.
Legal Assistance
Given the complex legal procedures and potential language barriers, it is highly recommended to hire a lawyer or a notary in Greece who specializes in inheritance cases. They can guide you through the legal process, ensure all requirements are met, and help you navigate any potential complications.
Registration
After the distribution of assets, the final step is to register the inheritance in the Greek land registry if there’s real estate involved.
It’s important to note that this is a general overview, and the specific steps and requirements can vary depending on the details of the inheritance and the individuals involved. Seek professional legal advice to navigate the inheritance process in Greece, as it can be complex and involve various legal and tax considerations. Additionally, make sure you’re aware of any changes in Greek inheritance laws that may have occurred in the near present.
