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Marriage contract: Financial provision in the partnership

Westphalian Chamber of Notaries. Many people associate a marriage contract exclusively with the thought of a possible separation. However, such a written agreement can also be useful during a happy marriage and create security for both partners. Should the relationship nevertheless end one day, a well-thought-out prenuptial agreement often proves helpful. The clear regulations can be...

How to prevent your ex-partner from inheriting too

Schleswig-Holstein Chamber of Notaries. A will can and should not only specify who inherits something. Many single parents who have underage children, for example, want to prevent the other parent from gaining access to the inheritance at a later date. This is precisely the danger. Custody also includes the custody of assets If a single parent dies and the other parent receives custody of the child, the...

Delete land charge: What to do after the loan repayment

Westphalian Chamber of Notaries. Once a real estate loan has been repaid in full, the bank issues a deletion permit. This step marks the successful repayment of the loan, but does not mean the complete end of the business relationship between the bank and the property owner. One important aspect often goes unnoticed: The land charge entered in the land register still exists. Assigning a land charge? Owners often deliberately neglect to submit the necessary application for...

Are heirs liable to pay maintenance?

Westphalian Chamber of Notaries. Many people want to ensure that their relatives are financially secure - even after their own death. Anyone who pays maintenance to a relative during their lifetime makes a significant contribution to their livelihood. But what happens when the person liable to pay maintenance dies? Does the payment obligation automatically pass to the heirs or does it end with the death? Can...

Advantages of powers of attorney with a notary

Schleswig-Holstein Chamber of Notaries. Consumers often assume that a power of attorney must be certified or notarized by a notary in order to be valid. However, although powers of attorney are valid for many purposes without any formal requirements, a notarized power of attorney has numerous advantages. If it is a power of attorney for health care, with which provision is made for a sudden incapacity and a legal...

What happens if there are no heirs?

Westphalian Chamber of Notaries. If a deceased person had no direct relatives, the estate passes to more distant relatives or, if no heirs can be identified, to the state. Anyone wishing to make individual arrangements for the distribution of their assets instead of this statutory succession has various options for structuring their estate according to their own wishes. Succession regulated by law In Germany, succession is regulated according to so-called...