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Greek Inheritance Law - Helping Testators and Heirs

Inheritance Lawyers in Greece

Updated on Thursday 02nd December 2021
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Inheritance-Lawyers-in-Greece.jpgA person can require legal services of inheritance lawyers in Greece in any of the legal matters arising from aspects prescribed by the inheritance regulations applicable in this country. Here, we refer to signing a will, being the heir of a Greek inheritance, disputes arising between heirs, litigation cases and numerous others. 
 
Our Greek lawyers specialized in inheritance cover all areas of law; our team has dealt with numerous cases and has provided legal representation to clients. Please mind that if you are not a Greek citizen, but you will be the owner of a inheritance in Greece, our lawyers can provide legal advice as well. For more details, you can address to our team of Greek lawyers
 

How can our lawyers in Greece help in inheritance matters?

 
The concern for inheritance can appear in the case of an elderly person who wants to make sure that his or her properties will be divided amongst heirs according to his or her wishes and in accordance with the requirements of the Greek inheritance law. In this case, our law firm in Greece will advise the person on how to draw and sign a will that is recognized under the local legislation. 
 
Although a person can draw his or her own will, it is best to receive legal advice prior to signing the document, in order to make sure that the stipulations of the document follow the applicable regulations. This is highly advised, as through this, the testator (the person signing the will) will be sure that his or her personal belongings will be divided as written in the document. 
 
Besides this, the procedure will also minimize the possibility of entering various litigation procedures once the inheritance will be divided and thus, reducing the possibility of conflict between family members and other parties claiming inheritance in Greece. Our Greek lawyers specialized in inheritance can also provide legal advice and representation (out-of-court and in-court) to those who are the recipients of an inheritance
 
Even though conflicts and litigation amount heirs will not apply, the recipients of the inheritance in Greece will have to conduct specific legal steps. For instance, those who inherit real estate properties will have to sign documents or they may have various tax and financial obligations and our team of Greek lawyers can be of assistance in these matters. 
 
Of course, our team can be of assistance to foreigners who inherited assets in Greece. Our team of lawyers in Greece has an in-depth experience in handling cases where an inheritance is disputed by the heirs for a long period of time, as well as in any other legal issues that pertain to the Greek inheritance law
 

Is there an inheritance tax in Greece?

 
Yes, the Greek inheritance law imposes the obligation to pay the inheritance tax to certain types of properties left by the testator to the heirs. The obligation to pay the inheritance tax is imposed to the persons who will become the heirs of the respective assets and it is payable when the transfer of ownership is made. Below, you can find out the current tax requirements: 
 
  • the inheritance tax can be charged from a rate of only 1% to a rate of 40%, depending on the value of the assets and the relation between the testator and the heirs;
  • for persons who are close family members to the deceased person, the inheritance tax ranges between 1% to maximum 10%; 
  • there is a tax exemption from the payment of this tax in the case in which the assets have a value of maximum EUR 150,000, calculated at the market price of the assets in the day in which the testator died and in accordance with the rules of the Greek Ministry of Finance;
  • there are 3 categories of taxes, based on the relation the testator had with all family members (Category A - spouse, children, grandchildren, Category B – great-grandchildren, great-grandparents, brothers and sisters, and Category C – other relatives);
  • for the Category A, a tax of 1% is charged for properties with a value above EUR 150,000, while a tax of 3% for properties with a value above EUR 300,000. 
 
For the Category B, there are different thresholds with different tax rates, as follows: a tax exemption for assets with a value of maximum EUR 30,000, a tax rate of 5% for properties with a value of EUR 70,000, a tax of 10% for sums of EUR 200,000, while for the Category C, one can pay the inheritance tax charged at rates of 20-40%. 
 
A tax exemption is applied for an inheritance in Greece with a value of maximum EUR 6,000 for the latter category. If you need more details on claiming inheritance in Greece, please contact our Greek law firm for legal advice and for personalized assistance tailored to your case.