Inheritance Rights of Partners

Inheritance Rights of Partners

Significant changes have been introduced to inheritance law and wills after more than 80 years of the current provisions being in force. These reforms are deemed necessary due to the social and economic changes that have impacted the Greek family and modern asset management needs. The proposed amendments affect key aspects of how assets are inherited, as well as the procedures for drafting and executing wills.

Specifically, the new regulations focus on six main areas:

1. Inheritance Rights of Partners: For the first time, inheritance rights are granted to life partners who have cohabited for a long period without being married or having a blood relation, and who do not benefit from a will.

2. Limitation of Inheritance Rights for Elderly Parents: Parents over the age of 80 will no longer have inheritance rights, and the rights of spouses will be significantly limited when the relationship is merely formal.

3. Inheritance Contracts: For the first time, inheritance contracts are permitted, allowing individuals to agree with their heirs while still alive on how their estate will be distributed, bypassing the obligations of the forced heirship.

4. Disposition of Intangible Assets: Greater flexibility is provided for the disposition of intangible assets, such as trademarks, trade names, and intellectual property rights, with specific provisions for heirs best suited to manage them.

5. Time Limitation on Inheritance Rights: A time limit is established for heirs who neglect the estate for extended periods, aiming to prevent the devaluation and abandonment of assets.

6. Digital Wills: Going forward, wills will be exclusively digital, drafted by a notary, eliminating the issues caused by handwritten wills.

In today’s world, handling inheritance law issues can present significant challenges, especially in complex situations involving acceptance of inheritance, issuance of inheritance certificates, settlement of tax obligations, and resolution of disputes between heirs. Proper legal guidance is essential to avoid delays and to secure the rights of the heirs.

The lawyers of Economou & Economou law office in Athens Greece, have the experience and expertise to provide comprehensive legal services on inheritance law matters. Our services include legal representation in court disputes over inheritance rights, advice on drafting wills, and support in the process of accepting or renouncing an inheritance. We also offer mediation services in cases of disagreements between heirs, ensuring a smooth resolution of conflicts and optimal estate management.

For more information and specialized legal support, consult the top inheritance law lawyers in Athens of Economou & Economou law office  by calling us at (+30)2103603824 emailing us at econlaw@live.com or filling out our contact form here https://www.econlaw.gr/contact/