What happens if I don’t make a Will?
Several people recently asked me: What happens if I don’t make a Will?There are at least 5 worrying answers to this question:Without a properly drawn up Will:Your widow will receive only 50% of your assets – while the additional 50% will be distributed amongst your children (can you be sure 50% of your assets will cover all your widow’s needs?)You will not be able to appoint guardians to take care of your children, should you and your spouse die when your children are still young.Your heirs will need to file an application for a succession order – a procedure which is complicated...
10 Frequently Asked Questions on Making a Will in Israel
10 Frequently Asked Questions on Making a Will in Israel 1. Why Should I Bother Making a Will? Making a Will, which is usually a simple and relatively inexpensive document in Israel, can be a very straightforward expedient for avoiding intra-family conflict, squabbles and misunderstandings amongst your heirs. In addition, probating a Will, when the time comes, involves much less expense, time and bureaucracy than that required in order to obtain a Succession Order. Moreover, the latter may well distribute your estate in a manner which is less than ideal – for example, it may grant your...
Tip 1 of 10 of “Tips and Tricks on Making a Will in Israel”: Why should I bother making a Will?
Tip 1 of 10 of “Tips and Tricks on Making a Will in Israel”: Why should I bother making a Will? Making a Will, which is usually a very simple and relatively inexpensive document in Israel, can be a very simple expedient for avoiding intra-family conflict, squabbles and misunderstandings amongst your heirs. In addition, probating a Will, when the time comes, involves much less expense, time and bureaucracy than that required in order to obtain a Succession Order. Moreover, the latter may well distribute your estate in a manner which is less than ideal – for example, it may grant your...
10 שאלות מצויות בעניין עריכת צוואה בישראל
10 שאלות מצויות בעניין עריכת צוואה בישראל[1] 1. מדוע שאטרח לערוך צוואה? צוואה, מסמך פשוט ויחסית זול בישראל, עשויה להיות מועילה מאוד במניעת קונפליקטים בתוך המשפחה, מריבות וחוסר הבנה בין יורשים. בנוסף, קיום צוואה, בבוא העת, כרוך בפחות הוצאה, פחות זמן, ופחות ביורוקרטיה מאשר השגת צו ירושה. יתרה מכך, צו ירושה עשוי לחלק את עיזבונך באופן...
10 Tips and Tricks on Making a Will in Israel!
Tip 1 of 10 of “Tips and Tricks on Making a Will in Israel”: Why should I bother making a Will? Making a Will, which is usually a very simple and relatively inexpensive document in Israel, can be a very simple expedient for avoiding intra-family conflict, squabbles and misunderstandings amongst your heirs. In addition, probating a Will, when the time comes, involves much less expense, time and bureaucracy than that required in order to obtain a Succession Order. Moreover, the latter may well distribute your estate in a manner which is less than ideal – for example, it may grant your...
Tip 10 of 10 of “Tips and Tricks on Making a Will in Israel”: Signing one’s Will before a Notary – What are the Advantages?
Do I need to sign my Will before a Notary? By Israeli law, your Will is valid if signed in the presence of two or more ordinary witnesses over the age of 18 who are present and witness the Will at the same time as you sign. Both you and the two witnesses must be of sound mind, and none of you should be related. Are there any advantages to signing a Will before a Notary? As mentioned above, by Israeli law, a last will and testament is valid if signed by its maker (known also as the ‘testator’/’testatrix’) in the presence of two ordinary witnesses. At times, however, a person...
