Legal Succession with Co-Heirs
When legal succession applies and you share the estate with other heirs, the process requires collaboration among all involved. Each co-heir has equal rights to the estate’s assets, which means decisions must be made collectively.
This scenario introduces the need for agreement and coordination, particularly when distributing assets or handling shared responsibilities.
How the Process Works
Obtain a Certificate of Inheritance (Erbschein): All co-heirs must collectively apply to the probate court to confirm their legal roles.
Inventory the Estate: Work together to identify and document all assets and liabilities of the estate.
Agree on Asset Distribution: Decide as a group how to divide assets, whether through physical division, financial compensation, or other arrangements.
Resolve Debts and Obligations: Use estate funds to settle any outstanding debts or obligations before distributing the remaining assets.
Transfer Ownership: Coordinate the transfer of property titles, financial accounts, and other assets as agreed among the heirs.
Your Next Steps
Managing an estate with co-heirs can be complex, particularly when differing opinions arise. Our team can assist in facilitating smooth communication, ensuring that decisions align with legal requirements and the wishes of your loved one.
Contact us today, and we’ll help navigate the process, so you can honor your loved one’s memory while preserving harmony among all heirs.