Inheritance procedure in Portugal
The process of inheritance is an integral part of most people's lives. This process should always be treated responsibly. Inheritance in Portugal has its own characteristics, and therefore it is advisable to have the support of professional lawyers. The First Legal Portugal company has considerable experience in accompanying the process of acceptance of inheritance in Portugal.
The inheritance procedure may be performed by will or by law.
The inheritance by law takes place in turns (the previous turn excludes the next). The first line of heirs under Portuguese law includes the husband (wife), children and grandchildren. The second - parents, grandfather and grandmother. The third line is native brothers and sisters, as well as their children. Heirs of the fourth line are uncle and aunt, as well as cousins. The fifth line refers to the state.
The inheritance under a will is carried out by persons who were designated as heirs in the will. At the same time, Portugal has a concept of mandatory share, which cannot be reduced, even on the basis of a will (Quota indisponivel).
Inheritance procedure in Portugal
After the death of a person, the "head of the family" is determined from among the heirs - the person who will be responsible for organizing the inheritance (cabeça-de-casal).
All persons who consider themselves heirs must apply for acceptance of inheritance either to a notary public or to local administrative service centers. The documents confirming family relations with the testator are attached to the application.
The person responsible for the organization of the inheritance, within three months, counting from the first day of the following month in which the person died, is obliged to apply to the local fiscal authorities with a statement (form) about the list of property, which is part of the inheritance.
Inheritance taxation in Portugal
Inheritance in Portugal is subject to stamp duty. Its size is 10% of the value of the property. The heirs of the first and second line are exempted from stamp duty.
The cost of the service to support the inheritance procedure in Portugal is : 125,00 - 185,00 €;
Deadline: from 30 w. d.
We cooperate with many notaries and other specialists in the field of inheritance. The specialists of the First Legal Portugal company will advise you on matters of inheritance in Portugal.
The First Legal Portugal company also provides related services for individuals and legal entities, namely:
- Resolution of legal disputes, services of a lawyer;
- Appealing administrative fines in Portugal;
- Pre-trial settlement of disputes;
- Accounting services for business.
