Inheritance (or estate): everything you need to know
An inheritance is anything a person leaves behind after death, also known as the estate. That is both property, money ... as well as debts. The person to whom the inheritance is left is called an heir. This can be family, but also, for example, an acquaintance or foundation.
Inheritance tax: what does an inheritance cost?
When you inherit, you have to pay tax on the inheritance, called the 'inheritance tax' (former 'inheritance tax'). Inheritance tax is calculated on the value of the inheritance and varies from region to region.
What is the distribution of an inheritance like?
The law determines who inherits. So depending on your marital status and family situation, the answer to this question is different.
Do I need a lawyer for an inheritance?
A lawyer has the legal knowledge and experience to inform you as an heir about inheritance taxes, where you have to pay them (in Brussels, Wallonia or Flanders), and how to arrange them.
Want to avoid having to pay a lot of inheritance tax later on when your heirs die? Then a lawyer can also always help you with estate planning. This then makes concrete recommendations on how to optimise your (financial) situation for your heirs.
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