If you reside abroad and have an interest in inheritance assets in Israel, you should consult a lawyer who will handle all the bureaucratic procedures and transfer the funds directly from Israel to your account with proper tax planning.
For over a decade, Attorney Eli Shimony has been assisting Israelis living abroad with inheritance assets, real estate, and financial accounts located in Israel.
If you live abroad and have a share in inherited properties in Israel, you should contact an attorney to protect your rights as heirs. We will handle all the bureaucratic procedures, transfer the assets to your name and then, directly from Israel, to your overseas account.
For over 10 years, Attorney Eli Shimony has been managing inherited properties, real estate, and financial accounts in Israel for owners who live abroad. He’s well-prepared to address all your concerns regarding Israeli law.
Make sure to secure your share as soon as possible.
To inherit from someone who has passed away in Israel, you need to obtain either a probate order or a succession order: a probate order is required when the deceased left a will, while a succession order is necessary when there is no will, and the property is distributed according to inheritance laws.
This is a legal and bureaucratic process that should be handled by an attorney. If the heirs do not live in Israel, it is crucial to consult with an israel lawyer who is well-versed in the laws, will ensure the heirs’ rights are protected, and provide the best possible protection for the inherited assets.
Estate planning strategies – minimizing conflicts and taxes:
Minimize tax liabilities during the distribution of inheritance, while taking advantage of the exemptions laws, tax reliefs, and gift allowances available under Israeli law.
Protection of assets and manage interactions with other heirs to ensure the full realization of your inheritance funds.
Over 10 years of experience in handling complex bureaucracy and managing intricate legal procedures with Israeli authorities.
Guidance through all stages of the process until full realization of rights and all inherited assets.
Solutions for all asset types: managing bank accounts, pensions, investments, inheritances, and more.
Proper structuring of assets, such as trusts or holding companies, can help reduce tax liabilities and provide better control over the distribution of the estate.
To begin the process, the heirs or any other interested party must submit a request for a probate order to the relevant Israeli court, along with the original will, the death certificate, and other supporting documents.
After submitting the request, the applicant must notify all interested parties of their right to file objections within 14 days of receiving the notice. If no objections are filed or any disputes among the heirs are resolved, the court will issue the order. The court may also appoint an estate executor or authorized administrator to manage and distribute the estate according to the will or Israeli inheritance laws (an executor is not always required).
After the order is issued, the property must be distributed among the heirs according to the order. When an estate executor is appointed, they are responsible for managing the estate, paying any debts and taxes, and distributing the remaining assets to the designated heirs according to the will or the succession order.
An understanding of the laws of inheritance in Israel and proper estate planning, as well as boots on the ground, are essential for the smooth transfer of assets to heirs. This ensures compliance with legal requirements and minimizes unnecessary disputes and taxes.
Attorney Eli Shimony holds a Bachelor of Laws (LL.B) and a Master of Business Administration (MBA). During and after his studies, he pursued professional training abroad, including seminars on legislative changes in the U.S. (Fordham University, 2011-2013), a comparative research seminar (WIPO, Geneva, 2013), a seminar on privacy (Yale University, Connecticut, 2014), and an international legal conference (NYU, New York, 2014).
Lawyer Shimony is an active member of several committees in the Central Committee of the Israel Bar Association and also serves as a judge in the Bar Association’s disciplinary tribunal.
He is certified as a mediator and arbitrator, specializing in civil and commercial litigation (court proceedings), wills and inheritances, real estate/property law, commercial law, corporate law, banking, and investments. Mr. Shimony also occasionally lectures on intellectual property and the modern era based on comparative research.
Eli Shimony brings extensive legal knowledge in his areas of expertise. In recent years, he has participated in unique seminars and courses abroad in various legal fields, including litigation, corporate and business law, real estate, banking, wills and inheritances, contract law, and more.
In a distribution agreement among heirs, it is permitted for all heirs to mutually agree on how to divide the estate, even if this differs from the will or inheritance laws. They can negotiate to adjust the distribution based on their preferences, ensuring that each heir’s needs and preferences are met. However, heirs cannot be excluded without their consent, and the agreement must not include terms that violate public policy or involve third parties who are not directly entitled to a share. Proper notification, legal documentation, and, often, court approval are necessary to ensure the agreement is valid and enforceable.
When inheriting assets in Israel, it’s essential to settle any debts and taxes related to the deceased’s estate. This should be done using the deceased’s inheritance. An attorney specializing in inheritance law can assist in managing this process, ensuring that debts are properly paid and helping to reduce the financial burden on the inherited assets and the heirs.
The process of obtaining a succession order or probate order in Israel involves submitting an appropriate request to the Inheritance Registrar. This includes providing all relevant documents and supporting evidence. Sometimes, a legal hearing is required, typically to address issues concerning the validity and scope of the will. It’s crucial to consult with an attorney who specializes in inheritance law to navigate this process effectively and ensure compliance with all legal requirements.
To ensure the legality of a will in Israel, it must be drafted according to Israeli law’s specific requirements. Valid types of wills in Israel include a witnessed will, a handwritten will, a will made before an authority, and an oral will. Consulting with an attorney specializing in Israeli inheritance law is crucial to ensure the will complies with legal standards and accurately reflects the testator’s intentions.
Yes, a will written abroad can be submitted in Israel. However, it must be translated into Hebrew by a notary. Additionally, the will must comply with Israeli inheritance laws to be considered valid. This includes ensuring that the will meets all formal requirements set by Israeli law, such as proper signatures and adherence to the legal standards for wills. Consulting with a legal expert in Israeli inheritance law can help ensure that the foreign will is properly adapted and recognized in Israel.
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