Can I determine who will inherit my money?

Can I determine who will inherit my money?

Can I identify a person who, after my death, inherits my investment?

Can I tell what part of the property falls to the wife and to the children?

Here’s how to share your family’s security

money

Unfortunately, we do not live in an ideal world and family relationships can be very complicated. Many marriages end in divorce and many partners are not even taken. There is also a large LGBT group in Slovakia, which would also like to deal with the disposal of their property after death.

Many of our clients dispute children and want to be sure that if they die, the saved property will remain children. So what are your options? What can you do to be more confident about how to deal with your property after your death?

Basic information on inheritance proceedings and the right of disposal was dealt with in the first part of the legal advice series on investments.

Determine the heir of the investment by wills

Determine the heir of the investment by wills

Many clients would like to determine who and how much they inherit from their property. The Civil Code stipulates in §476 to §480 the possibility of succession. Inheritance from “wills” even takes precedence over so-called. “Legal” inheritance.

However, this form of division of estate also has its rules, which must be followed and you cannot exclude some persons from the succession. Such persons are so-called. “Infallible heirs” our children (direct descendants). An unquestionable heir has a “protected” inheritance right by law, which we cannot completely exclude even in the legacy of succession.

You can also write wills without the participation of a notary or. lawyers, most likely wills are written by the canon with their own hand. However, we do not recommend this option to you because of the strict formal nature of such a document as determined by our law. In the event that a will does not contain all the formal conditions laid down by law, such an act would not be taken into account in the context of the succession.

Therefore, it is best to reach out to those who are familiar with the issue, notaries or lawyers. George Smiley recommends writing a will by notarial deed at your chosen notarial office to avoid any complications in the inheritance proceedings.

The notary will explain the matter to you, will make a will and register it in the so-called. The Central Register of Wills, which leads the Notarial Chamber for the purposes of inheritance. It should also be borne in mind that partners have to write their wills separately because our legal order does not recognize the will of several people together.

By will, you can rely on someone your entire property, or just part of it, while the rest will be subject to legal inheritance.

If you have an investment in George Smiley, you can only make a legatee to this part of your property, respectively. you can also identify more persons who would inherit such property. For example, clients who have multiple accounts can refer each account to another person.

Example: Petra has four accounts in George Smiley. In one account, he saves on retirement, saves each of his two children separately and has one account as a financial reserve. In a will, he may determine that a pension savings account refers to a partner, the child accounts for each of their children, and the financial reserve will be subject to inheritance.

Can I take my children out?

Can I take my children out?

The Civil Code in 469a allows your descendants to inherit, but only if one of the following four conditions is met:

  1. contrary to good manners did not provide the warden with necessary assistance in illness, old age or other serious cases
  2. the persecutor does not permanently show a genuine interest as a descendant,
  3. has been sentenced to an intentional crime for a term of imprisonment of at least one year,
  4. it permanently leads a disorderly life.

However, you need to write a deed of such a step. For a formal deed of deduction, the same applies to a will. Unlike the will, however, you must also state the reasons for the exile in the deed. You can also indicate in the charter whether the offspring applies only to your offspring or to his children and their other descendants.

Finally, good news. For several years, there has been talking of extensive recodification of the Civil Code. Such a recast should reintroduce old-new institutes in the framework of inheritance, such as the “Donation for death” or “inheritance agreement for life”. It is precisely these new inheritance institutes that would make it easier for many people to find their inheritance for the benefit of selected heirs.

10 Home Loan Tips

10 Home Loan Tips

Obtaining loans for housing is a difficult and complicated process. When it comes to banks, many concepts are difficult to understand. These concepts are an important part of your loan repayment plan. However, remember that there are some questions you should ask yourself, not just the banks, when looking for housing loans.

If you are looking for housing loan advice, by reading this article you will have designed everything you need to ask yourself and your bank.

Calculate Approximate Credits

Calculate Approximate Credits

If you call home without performing a budget analysis, then you may be disappointed. You can calculate how much credit you can get from the bank by considering the salary you have earned. The maximum amount of credit that the bank will give you may occur with monthly payments equal to half of your salary. You can calculate the total credit amount based on your preferred refund period. For example, if your income is 5000TL per month, the maximum monthly payment of the loan will be around 2500TL.

Evaluate the Budget you can allocate to Credit and Prepare Payment Plan

Payment Plan

Remember that when you make loan payments, there will be household expenses and other daily expenses. Connecting a significant portion of your income to a credit installment may have undesirable consequences in the long run. When determining the amount of credit you will receive, take into consideration all your expenses and determine the appropriate amount for your long-term repayments.

 

Learn Your Credit Rating

Credit Rating

It is a good idea to learn your credit rating before applying for a housing loan. Banks with low credit ratings are less likely to issue loans. Therefore, if you are considering obtaining a housing loan, you can try to increase your credit rating for 6 months or 1 year. This will increase the likelihood of a positive outcome of your application.

 

Evaluate the Number of People Working at Home

The number of people working at home will determine your repayment of the housing loan. If two or more salaries are entered into the house, you will be more likely to get out of the loan and make repayments easier.

 

Consider Monthly Savings in Credit Period

Consider Monthly Savings in Credit Period

When planning your budget, remember to save a certain portion of your salary for savings. For your urgent and unexpected needs, this kind of accumulation will be your lifeline. You may also need to allocate some money for healthcare expenses.

 

Evaluate Different Banks for Home Loan

Evaluate Different Banks for Home Loan

Take your time and take advantage of the options of all banks. You can choose your bank by considering conditions such as interest rate, expense package, and then ease of payment. Generally, applying for a loan from the bank from which you receive your salary can help you to benefit from discounts or campaigns.

 

See Loan Term Options

See Loan Term Options

The maturity options offered by banks can be confusing. The longer the term, the higher the amount you will pay back. So if you get a 10-year repayment mortgage, you pay more to the bank than a 5-year repayment mortgage. Therefore, very long terms may not be advantageous in terms of the amount paid back. Consider this when you plan.

 

Price Survey in Credit Life Insurance

Price Survey in Credit Life Insurance

Make sure you get the best price on the credit life insurance included in the expense package that banks offer. Since you do not have to take out credit life insurance from the bank, you can reduce your expenses with a different life insurance offer, especially in housing loans.  

Review Reconfiguration Options

Some banks offer restructuring options for housing loans. This option is used if there is an unwanted unemployment situation and credit payments fail. If you wish to apply for a loan with any adverse circumstances in mind, consider banks that have the option of restructuring. With the restructuring, you can create a new payment plan for the amount remaining until the debt you have already paid without any loss.

Plan B

You should always make a Plan B when you receive a mortgage. In case of illness or short unemployment, you should not interrupt your payments. It is therefore important that you develop an alternative payment plan for yourself.

Which prepaid credit card can I use best

Which prepaid credit card can I use best

The prepaid credit card has become very popular in a very short time, whereas in other countries it has been customary for many years to pay with prepaid credit cards and order online, it only came to the attention of the general public in the Netherlands late.

But which prepaid credit card can I use best and perhaps most importantly, which is the cheapest to purchase and use, but also, what can and can’t you participate. Below an overview of the most important features of the prepaid credit card.

Which prepaid credit card can I use best?

Which prepaid credit card can I use best?

Which card is best for you depends on what you want to do with it, do you shop online with it, do you use it in stores and perhaps also for hotels and renting a car. With most prepaid credit cards you can also get money from an ATM, but that is not always cheap, although there is now a new provider that offers this for only 1.50 per transaction. I have that cheap elsewhere.

On the other hand, providers that are more expensive have more options, such as transferring money to pay bills and more flexible methods of depositing money. Some cards have their own bank account.

Prepaid credit card with a gift

Prepaid credit card with a gift

From now on, a prepaid credit card can also be obtained from Mastercard itself, if you order it, you will receive no less than 5 euros for your first deposit from 15 euros. Other providers unfortunately do not offer nice welcome gifts, but offer more options with the card.

Mastercard prepaid credit card

Mastercard prepaid credit card

The facts of the prepaid Mastercard:
Free 180 day purchase insurance
Free additional travel insurance
No credit check
Free App for Android or Apple
No limit
Fraud prevention, internet and delivery guarantee
Annual costs: 14.95

As you can see, this prepaid credit card is not expensive to buy and has, in addition to the welcome gift, other notable plus points such as the 180-day purchase insurance. With this card you are assured of a good and reliable card with a help desk that can be reached 24 hours a day.

Costs for use

Costs for use

With this Mastercard card you pay for cash withdrawals at the machine 1% of your withdrawal with a maximum of 1.50, depositing money on the card costs 0.95 and transferring money to your own account also costs 95 cents. If you pay online or in a store, you pay no costs at all.

What does a divorce cost

What does a divorce cost

Almost everyone knows that divorce is not free, but many people cannot tell you how expensive it is. When you are about to divorce, the question often comes up: “What does divorce cost today?”. We will discuss this in more detail in this text. First of all you must of course pay the lawyer for his or her services, these usually require between 150 and 200 euros per hour. The more complicated the divorce, the more expensive the lawyer becomes, since the lawyer has to invest more hours in it.

What does a divorce cost?

What does a divorce cost?

You can always try to negotiate the hourly rate or agree on a price in advance. If you agree a price in advance it is usually around 2500 euros and you are often cheaper than paying the lawyer per hour. The next cost item is the registry fee. If you are engaged in divorce, you naturally also want the divorce to become legally valid, so you have to go to court. The court fee that you have to pay ensures that you can go to court and that it will also pronounce the divorce. But with these two costs you are still not there, you also have to hire a bailiff who puts your partner at the highest level of your desire to divorce. The activities of the bailiff consist of drafting and issuing a bailiff’s writ. Other costs that may also come around are notary and accountant costs, but this is not necessary and is entirely up to you and your partner.

Divorce seems priceless

What does a divorce cost?

Nothing is so bad as having to stay together because the divorce seems to be unaffordable. To prevent this, the government has provided so-called legal assistance, also known as addition. Everyone who divorces automatically applies for this and is often granted provisional legal aid. Only afterwards it often becomes clear whether you were also entitled to this addition and you will be told how much you owe the government. If you are entitled to legal assistance, only a large part of the lawyer’s costs will be reimbursed. You must pay the court fee and the bailiff from your own pocket. A possible divorce agreement must also be paid out of pocket.

Limiting the costs

To ensure that the divorce process costs less, you can opt to jointly hire a lawyer who represents both interests. It is of course important that you can go through one door with each other, since you then arrange the divorce together. Another way to reduce attorney fees is by using it as little as possible and arranging as much as possible yourself. Try to prepare as well as possible during every visit to the lawyer, so that you understand and arrange everything faster. Even if you have a joint mortgage, this can also be viewed immediately.

Do as much as possible together with your partner

Do as much as possible together with your partner

In short, divorce is certainly not free and there are a lot of costs involved. A number of examples of costs that you have to count on are the costs for the lawyer, bailiff and court fees. Despite that, you can try to appeal to your lawyer as little as possible by arranging as much as possible together with your partner. You can also choose to hire a joint lawyer together with your partner. If the divorce seems unaffordable, you can apply for the legal aid subsidy. The government will then pay a large part of your attorney’s fees, making divorce affordable again. So you don’t have to worry that you have to stay married forever if you are not wealthy and cannot afford the divorce.