Statutory share – legal advice, drafting, reduction and enforcement
The „statutory share“ is the portion of an inheritance, which entitles the heirs, on the basis of Family membership is a legal entitlement. Claiming or contesting a compulsory share is a legally complex matter and therefore a particular area of focus for everyone A solicitor specialising in inheritance law. We’ll help you with your To claim one’s statutory share or To ward off claims to a compulsory share from others.
As early as the Drafting a will It is important to bear in mind who is entitled to claim a compulsory share and how to deal with such claims and their implications. Timely planning can help to reduce compulsory share claims. However, simply depleting the estate without seeking advice carries the risk of giving rise to claims for a supplementary compulsory share.
Following the death of the testator, an heir must know how to provide the correct information and how much they are required to pay as a compulsory share, so that they do not end up paying too much.
A person entitled to a compulsory share also needs the assistance of a competent solicitor to claim their compulsory share and, in doing so, to determine, calculate and enforce it correctly and in full. Those who know their rights can usually avoid lengthy and costly disputes and avoid giving away money unnecessarily.
Our services relating to the compulsory share:
- Judicial and extrajudicial enforcement and defence against claims to a compulsory share, claims for information and claims for valuation by persons entitled to a compulsory share
- Arranging disinheritance by will
- Reduction of claims to a compulsory share and claims to a supplementary compulsory share
- Review and drafting of agreements waiving the statutory share and agreements waiving inheritance rights
- Advice on claiming the statutory share to reduce inheritance tax