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What does the Israeli Inheritance Law state?
According to the Israeli Inheritance Law, חוק הירושה, if one has not left a will, his estate will be be divided according to the law. The law defines who the heirs are and the manner in which the inheritance will be divided. Heirs are the spouse, children and their issue (descendants), and/or parents of the…
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What is an Israeli Will?
The Inheritance Law in Israel – 1965 חוק הירושה (“The Law”) states that a person has the freedom to write up a Last Will & Testament – צוואה and give testamentary dispositions as you sees fit. A Will overpowers the instructions of the Law. In a Will, you may choose to exclude a heir (beneficiary),…
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How can I settle a succession in Israel?
In Israel, you must issue a Probate Order by the Inheritance Registrar whether a Will has been left or not. If you are a heir and/or beneficiary of an estate with assets and properties in Israel, you will want to register those under your name. To do so,, you will need to request a Probate…
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Impôt sur l’achat de bien immobiliers en Israel – mis a jour 1/2024
Impôt sur l’achat de biens immobiliers en Israël mis à jour L’Autorité fiscale a ajusté les taux de l’impôt sur l’achat aujourd’hui, comme elle le fait chaque année, en vigueur du 6 Shevat 5784 (16 janvier 2024) au 15 Tevet 5785 (15 janvier 2025), dans le but de réduire la charge fiscale de l’acheteur lors…
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Israel Property Purchase Tax Updated 01/2024
Israel Property Purchase Tax Updated The Tax Authority has adjusted the purchase tax rates today, as it does so annually, effective from the 6th of Shevat, 5784 (January 16, 2024) through the 15th of Tevet, 5785 (January 15, 2025), aimed at reducing buyer’s tax burden upon purchase. According to the current tax rates, the buyer…
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The Connection Between Owning Real Estate in Israel and Creating an Israeli Will
If you’re a real estate owner in Israel, or planning on being one, establishing an Israeli Will is not just a matter of legal compliance; it’s a strategic move for securing your assets and ensuring your heirs’ future. 1. Asset Distribution Strategy: When you own real estate in Israel, your Israeli Will empowers you to…