Dealing with inheritance can be complex, but for many citizens, it becomes a reality in their everyday lives. The term “inheritance” refers to the process by which both rights and obligations are transferred from a deceased person (testator) to other individuals (their heirs). The inheritance is opened at the moment of the testator’s death at their last place of residence. According to Ukrainian law, the inheritance process can take place either by law or by will.
Lawyers from the Association of Lawyers and Real Estate Agents of Ukraine (ALRAU) are ready to provide qualified assistance regarding entering into inheritance, formalizing the acceptance of inheritance, drafting a will, and providing legal advice on the optimal way to arrange inheritance. Thanks to our many years of experience, we can quickly and efficiently resolve your issue in the shortest possible time.
According to Ukrainian legislation, property assets can be inherited:
- In cases prescribed by law;
- According to the will of the testator through a will.
If the testator has significant property assets, legal consultation regarding inheritance becomes extremely important, as it helps clarify who may inherit these assets in the absence of a will. When the situation is straightforward and does not foresee potential disputes among heirs, the inheritance is distributed according to the will.
However, legal advice on inheritance law often helps heirs uncover aspects they may not be aware of. The risk of disputes between heirs always exists, and to minimize this risk, it is advisable for the testator to express their wishes regarding the distribution of their estate in the event of their death.
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Important! In addition to drafting a will, a lawyer specializing in inheritance law can suggest other ways of transferring property, such as:
- Signing an inheritance agreement;
- Signing a gift agreement;
- Signing a lifetime support agreement.
It should be noted that each of these options has its own advantages and disadvantages compared to a will. To get more detailed information, we recommend consulting a lawyer specializing in inheritance matters. For instance, under a gift agreement, the property can be transferred to another person immediately, before the donor’s death, which may lead to certain risks regarding potential misuse.
