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Category: Erben und Vererben

Tax allowances: The highest tax allowance also applies to biological parents!

According to a recent judgement by the Hessian Finance Court (Ref. 1 K 1507/16) dated 15 December 2016, children of parents who are biologically related but not legally related are also subject to the favourable inheritance and...

Invalidity of a will where the date is unclear

Drawing up a will in the correct form – even by hand – isn’t actually that difficult, as long as you know what to look out for.

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Settlement payments to claimants to an estate reduce the income tax liability

If a dispute arises over inheritance rights following a person’s death, it is not uncommon for this to be settled by way of a settlement agreement. Under the terms of the settlement, the heir pays the claimant a...