Do you live in Austria and are the heir to a real estate in Hungary, or would you like to draw up a will regarding your real estate or other property located in Hungary?
This is a cross-border issue as it affects the legal systems of different countries, namely Austria and Hungary.
This also requires appropriate legal expertise, as knowledge of the inheritance laws of both or even several EU countries is required.
As an heir, it is important for you to know in which country you can or must initiate the succession proceedings or probate process and which regulations apply to the process.
If you would like to draw up a will, you must be aware of the legal effect of the will in Hungary or Germany, because this is the only way you can ensure that your will reaches the desired result, without (unpleasant) surprises for your heirs.
Important: Since August 2015, only one member state in the EU has the jurisdiction for the inheritance procedure! The splitting of the inheritance process between several member states based on the location of the property, which was typical before 2015, is basically no longer possible!
Do you have a will drawn up before 2015?
It is advisable and important to check it based on the EU Inheritance Regulation.
Do you have any questions on the above or any other cross-border succession issue?
You can contact us and we will help you find the right solution or represent you in the proceedings.
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