In This Edition
- Welcome
- Featured Article – The Probate of a Foreign Will in the Israeli Court System
- Subscription Information
- For Further Information
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Welcome to Israel Real Estate Law Insights
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Welcome to the latest issue of the Israel Real Estate Law Insights, published by Nicole Levin Law Offices, experts in all aspects of real estate law in Israel. You are receiving this newsletter because you signed up for it on our website or because you filled out a form at a housing fair. Our newsletter focuses on the legal aspects of buying, selling and renting property in Israel.
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The Probate of a Foreign Will in the Israeli Court System
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What happens when a foreign resident who owns property in Israel dies? What happens to his Israeli property? Very simply, it goes to his heirs. If the deceased left a will then the property will go to those heirs mentioned in the will. Even if we are talking about a foreign resident who was living abroad at the time of his death, his Israeli property will go to the heirs mentioned in his will, assuming that the will is valid under the laws of his country of residence.Here are the steps for the probate of a foreign will in Israel:
The foreign must first go through the probate process in the country in which the deceased lived at the time of his death.
Read the complete article on our website:
http://levinlawoffices.co.il/2010/06/21/the-probate-of-a-foreign-will-in-the-israeli-court-system/
Legal Vocabulary
“Probate Order of A Will” - “Tzav Kiyum Tzava’a” – This is a court order declaring that the will is valid and in effect. This order is then taken together with the will to the various places where the deceased’s property is found such the land registry or the banks.
Tip of the Month
When preparing a will it is important to consult with an estate attorney from any other country where you hold citizenship to see if the will be in effect there and to make sure that the new will does not cause you to incur estate tax in these other countries. In Israel there is no estate tax.
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Subscription Information
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For Further Information
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Additional information can be found at:
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