Inheriting property can be a complex and emotional process, especially when you are living abroad.
This is particularly true when it comes to inheriting property in Israel because the legal and practical considerations may be unfamiliar to those who are not familiar with the local laws and customs because of living abroad like in the USA.
Legal Considerations
When inheriting property in Israel from abroad, there are several legal considerations you need to be aware of.
Israeli inheritance law is unique and can be quite different from the laws in other countries.
Here are some key points to keep in mind:
- Israeli inheritance law applies to all property located within Israel, regardless of the residence or citizenship of the deceased or the heirs.
- Inheritance in Israel is governed by the Succession Law, which sets out the rules for how property is distributed when someone passes away.
- Under Israeli law, the estate is first distributed to the spouse and children of the deceased, if any.
If there is no surviving spouse or children, the estate is distributed to the deceased’s parents, siblings, and other relatives in a specified order.
- Non-residents may be subject to Israeli inheritance tax on any property located in Israel that they inherit.
The tax rate depends on the value of the property and the relationship between the deceased and the heir.
- If you are a foreign resident inheriting property in Israel, you may need to obtain a Tax Clearance Certificate from the Israeli Tax Authority before you can receive the inheritance.
Practical Considerations
Aside from the legal considerations involved in inheriting property in Israel from abroad, there are also several practical considerations to keep in mind.
First, it’s important to gather as much information as possible about the property and the inheritance process. This may include obtaining a copy of the will, reviewing the title deeds, and consulting with other heirs or family members.
Next, consider hiring a professional lawyer to get the work done carefully and thoroughly.
Having a Laywar can who has communication in both Israel and USA can help you understand any law, legal documents, and other things like the logistics of managing the property from abroad during the inheritance process.
With careful planning and the support of an experienced Israeli lawyer like Ziv Beitel, it is possible to navigate the inheritance process with confidence and protect your interests as an heir while living abroad like in the USA. Because Ziv Beitel has offices in Israel, New York, and Miami
This may include hiring a property manager, arranging for maintenance and repairs, and ensuring that property taxes and other expenses are paid on time.
Finally, keep in mind that the inheritance process can be emotional and stressful, especially if there are disputes among family members or other heirs. That’s why It’s important to stay organized, communicate clearly, and seek professional guidance if necessary.
Last Words
Remember to prioritize legal considerations, such as understanding the legal process, obtaining legal advice, and ensuring that all necessary paperwork is filed correctly.
Additionally, keep in mind practical considerations, such as arranging for property management and staying organized throughout the process.
The article was written in collaboration with A-WEB, a digital marketing agency