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Estate Planning law in Athens, Greece, revolves around creating a comprehensive plan that covers your assets management, wealth distribution after passing away, and making provisions regarding your healthcare and personal matters. The process incorporates the preparation of legal documents, under Greek law, such as wills, trusts, power of attorney and living wills. An estate plan ensures the protection of your assets and eases the transition for your surviving family members.
Relying on a lawyer is essential in avoiding potential legal problems, especially when it comes to complex legal procedures such as estate planning. Professional lawyers ensure your best interests are covered, and your estate plan abides by Greek law. They guide you through taxes, legal rights, asset protection, probate process, inheritance laws, and they provide counsel on the considered choices in terms of beneficiaries, executors and trustees. Dealing with estate planning without expert legal assistance may lead to costly mistakes.
According to Greek law, in the absence of a will, a person's estate is automatically distributed to their next of kin. Succession law in Greece allows freedom of testation, but with restrictions in favour of the reserved portion of the deceased’s successors. For those with assets in Athens, inheritance tax applies, and it's progressive based on the relationship between the inheritor and the deceased. Also, Greek law follows the principle of universal succession where the heirs inherit both the assets and the liabilities of the deceased.
A will is a document detailing how your assets are to be distributed upon your demise. A trust, on the other hand, comes into effect during your lifetime. Assets placed in a trust are generally dispersible to beneficiaries without the need for probate.
If you die without a will in Greece, your assets are divided amongst your closest relatives as per Greek intestate succession law.
Yes, under Greek law, a person can change or even revoke their will at any time as long as they are mentally capable.
The executor of your will should be a trustworthy person who is capable of performing the task efficiently. This could be a family member, close friend or a professional legal advisor.
Yes, per Greek law, foreign nationals residing in Greece can make a will to clearly state their wishes about the disposition of their assets.
To learn more about estate planning laws in Greece, consider contacting the Athens Bar Association or the Hellenic Justice Ministry. Online legal platforms like Greek Law Digest and legal service providers can also provide valuable insights and services.
If you need legal assistance in estate planning, start by consulting with an attorney specializing in this area. They can advise you on how to structure your estate to best suit your needs and desires. Furthermore, regular reviews of your estate plan with your attorney can ensure that it remains effective over time. End-end the process by having your will, trust or any other estate planning document reviewed and legally notarized by your lawyer or a licensed official.
