Inheritance and Estate Planning

Transferring real estate to the next generation within families who own multiple properties is a complex and sensitive process. In Israel, many families have accumulated a diverse range of real estate assets over the years, including residential properties, office spaces, shops, and parcels of land. Effective planning for the intergenerational transfer of these assets is crucial for maintaining family harmony, preserving asset value, and efficient management.

A will is one of the most personal and significant decisions a person makes in their lifetime. For couples, this decision is sometimes made jointly through a mutual will. This legal instrument enables the planning of transferring assets after death, while preserving family stability and honoring the couple’s shared intentions.

Many families have accumulated multiple residential properties over their lifetimes. Some of these properties were inherited, while others were purchased as long-term investments, providing both ongoing rental income and capital appreciation. In some cases, properties were acquired as a retirement strategy—assets that generate income to support the owners in their later years. As parents age, the question arises: How can they minimize tax liabilities when transferring properties to their children? In Israel, the transfer of properties through inheritance is exempt from taxes. However, this is not the case when children later sell the inherited properties.

Preliminary inspections before making a decision to sell a second-hand apartment Before setting off there are some tests that are very important to do even before

To distribute the assets in Israel of a foreign resident (whose center of life is outside of Israel), his heirs must obtain an inheritance order or a probate order (if the non-resident left behind a will) from the Israeli court.