Inheritance law in Greece is governed by the Greek Civil Code and provides rules for the distribution of assets of a deceased person to their heirs.
Here are some key points about inheritance law in Greece:
- Legal heirs: In Greece, the legal heirs of a deceased person include their spouse, children, parents, and siblings. If there are no living legal heirs, the property will be inherited by the state.
- Forced heirship: In Greece, there is a system of forced heirship, which means that certain family members, such as children and spouses, are entitled to a portion of the deceased person’s estate, regardless of what is stated in their will.
- Distribution of assets: The distribution of assets in Greece is based on the concept of equal shares, meaning that each legal heir is entitled to an equal share of the deceased person’s estate, unless the will states otherwise.
- Wills: A person in Greece can make a will, which can specify how their assets should be distributed after their death. However, if the will conflicts with the rules of forced heirship, the legal heirs are entitled to claim their share of the estate.
- Inheritance tax: Inheritance tax in Greece is calculated on the basis of the value of the inherited assets and the relationship of the heir to the deceased person. Spouses and children are subject to lower tax rates than other heirs.
- Probate procedure: In Greece, the probate procedure involves obtaining a certificate of inheritance from a notary public or a court. This certificate establishes the legal heirs and their respective shares in the estate.
In the event of inheritance disputes, we defend against claims for statutory shares and testamentary gifts, and support co-heirs in the administration and resolution of the community of heirs. We understand that civil and inheritance law can be complex and emotional. To minimize the risk of inheritance disputes, we provide tax-optimized succession planning, including the drafting of last wills, inheritance agreements, and assignment agreements. Our full range of services also includes the creation of living wills and durable powers of attorney, which are individualized to meet the unique needs of entrepreneurs. With increasing mobility of our clients, international inheritance law continues to play a significant role, and our team provides legal advice on property transfer both before and after death, taking into account the intricacies of different legal systems.
In conclusion, inheriting property in Greece requires navigating a complex legal and procedural process. Our experienced team can provide step by step guidance to these complex legal matters.