Upon one’s passing, his assets are inherited to his or her heirs. Inheritance in Israel may happen in one of two ways: (a) by a last will and testament; or (b) by the provisions of the Israeli Succession Law.
A will is the expression of a person’s wishes regarding his or her affairs upon their death. The Israeli Succession Law is contingent upon the existence of a will, i.e., a valid will prevails over the default rules of inheritance as determined by the Israeli Succession Law.
Hence, it is very important to have a will in place in order to verify your wishes are fulfilled after your passing. In many cases it is recommended to consider setting up a trust.
Our experience and skill in the fields of trusts, wills, and estates enables our firm to uniquely tailor a last will and testament to your individual needs.
In addition, Adv. Marans from our firm is certified to draft and sign a durable power of attorney. A durable power of attorney is a legal document that is an alternative to appointing a legal guardian. The appointee will be authorized to act on behalf of that person in the future, if and when he can no longer make or make decisions that concern his affairs. A durable power of attorney can relate to medical, personal or property matters – or only some of them. It can also contain “preliminary directions” which will clarify how the appointee is asked to act in the future.
There is of great importance to the design of the durable power of attorney, in parallel and in a manner that integrates with the provisions of the will. Our experience and expertise allow reference to all aspects of the client, also in this context.
