BULGARIA INHERITANCE LAW - Zlatina Delibaltova Law Firm
The accession of Bulgaria into the E.U. marked a historic achievement for the country, however, after you celebrated the prospect of your property going up in value did you consider what will happen to this all important investment if anything were to happen to you and you had not bothered to have a Bulgarian Will set up?
Even if you have amended your existing Will in your own country of residence, it may not be recognised by the Bulgarian authorities. In addition, family members may contest it and, most importantly, what will your dependents inherit after you have gone? Most likely extra cost, time delay and having to rely on lawyers to sort out the legalities. That is - unless you act now.
There are two kinds of Wills in Bulgaria - Notarial or Personally Handwritten. The latter being less expensive with a Notarial Will completed in the form of a notary deed and considered as having stronger legal effect usually in the case where different family members or third parties contest the Will.
Consider this scenario: You have purchased your dream home in Bulgaria and something happens to you. Your dependents are left with high legal costs and most likely no legal contact within Bulgaria.
Now consider this scenario: You have purchased your dream home in Bulgaria and by spending a few extra euros you can have a legal Bulgarian Will established by reputable and experienced Bulgarian lawyers, and, most importantly your dependents have a "local point of contact" leaving you with complete peace of mind. Note: This can be done from the comfort of your own home.
Clients are given the option of either a Notarial or Personally Handwritten Will. The following is a brief outline of both Wills:
1. A notarial testamentary disposition should be executed by a notary in the presence of two witnesses. The Will is drafted in the form of notary deed and the testator verbally expresses his or her Will to the notary. The notary takes note of the formalities to be included in the Will, marking the place and date of signing. The Will is then signed by the testator and witnessed by the notary.
2. A personally handwritten Will must be entirely written by the hand of the testator, date set out when it was drafted and signed by him or herself. The Will can be transmitted to the lawyer with protocol allowing the lawyer to act for the testator. The Will can be kept in safe keeping at the notary office or at the lawyers secure office.
The confident and professional Bulgarian law firm of Zlatina Delibaltova can provide guidance and a streamline process from start to finish. Most importantly your dependents are left with a reliable, experienced "Bulgarian local point of contact". If a client decides to proceed with a personally handwritten Will, it can be completed in the comfort of the clients own home and is an inexpensive process.
Main rule of thumb: Bulgarian Wills do not require a great deal of information. They are however are absolutely recommended to avoid any legal issues for dependents.
Why not check out: www.BulgarianWills.co.uk
FOR FAST CONTACT TO THE LAW FIRM ZLATINA DELIBALTOVA; http://www.opow.co.uk/contact.php