Peculiarities of receiving inheritance from abroad and difficulties that may arise in the process
Inheritance from abroad is quite common, particularly for individuals with relatives or assets in various countries. Inheritance abroad can involve a complex process of registration that requires knowledge of international law and the specific rules of a particular country.
Inheritance is a type of succession whereby the rights and obligations of a decedent transfer to his or her heirs. There are two main types of inheritance: testate and intestate. Both types can occur when inheriting property or money abroad. In such a case, the domestic rules of the country where the succession procedure takes place or the rules of international law will be applied.
When receiving the right to an inheritance located in another country, you should pay attention to important legal aspects such as:
- Succession procedure — in the case of legitimate succession, the order of inheritance is determined on the basis of kinship with the decedent (inheriting from the father, mother, spouse, brothers, sisters, or other relatives), but it may be different depending on the country where the inheritance is located or the last place of residence of the decedent. Generally, priority in inheritance, despite some exceptions, is given to the closest relatives (e.g. to children in case of inheritance from one of the parents). This rule, of course, also applies to the principles of legitimate succession—i.e., to situations where the decedent has not left a will. After all, it can regulate the way an inheritance is received and be realized in a different way from the legal norms, excluding some or all relatives. It should be recalled, however, that the legislation of certain countries has introduced protective mechanisms for such excluded heirs in the form of, for instance, the right to forced heirship.
- Deadline for accepting an inheritance – different countries have certain rules under inheritance laws. Time limits have been established for certain actions, such as filing an application to receive an inheritance abroad or renouncing it. They are important because if they are over limits, the heir will not be able to effectively carry out actions related to the inheritance, which in turn is important, for instance, for the issue of liability for debts. The situation is additionally complicated in the case of inheritance abroad due to separate legal regulations in individual countries.