From July 1, if no heir can be found for the deceased, his domestic real estate and the movable property located there will also belong to the local government, the Hungarian National Chamber of Notaries told MTI on Monday.

Regarding the new rules that came into force on Saturday, it was written that, in the absence of an heir, the local authority in the location of the property will not inherit, but rather the state. Added:

those who want to prevent their estate from causing legal disputes later, can decide for themselves to whom the individual assets are to be allocated.

The new regulation

its purpose is to enable municipalities to use the real estate assets of the deceased for the benefit of local communities, and to manage the obligations burdening the inheritance, such as the mortgage loan, more efficiently.

The municipality has the option to refuse the inheritance; then the state inherits as a necessary legal heir.

The state will automatically become the heir even in the event that

if the deceased otherwise has heirs, but they have all refused the inheritance, for example due to debts burdening the estate. The state, as the legal heir, cannot refuse the inheritance.

They also covered that in the real estate register

arable land, vineyards, orchards, gardens, areas registered in the field of meadow cultivation, farmlands,

and in the case of belonging to an agricultural economy, the tools used for agricultural production and the livestock as inherited assets

nor can they be transferred to the local government, even in the absence of another heir.

"It is definitely worth making a will for those who have no relatives who would inherit after them. This way, you can prevent your estate from causing legal disputes. It may happen that the fate of a car will be decided by whether it was left in the garage or on the street. And bank accounts are not considered assets found on real estate, but there is also known judicial practice that still classifies a bank deposit as if the testator kept the deposit book in the apartment," explained notary Kristóf Szécsényi-Nagy, legal manager of the Hungarian National Chamber of Notaries.

It was covered in the announcement

also for partners, who may find themselves in a particularly vulnerable situation without a will.

The surviving partner must also prove that his personal items - clothes, books - that were in the testator's house do not belong to the estate and are not inherited by the municipality.

A will can even be written by hand, but those who want to ensure that their property actually goes to the person for whom it was intended,

you should contact an expert - a notary public or a lawyer.

A will must meet strict content and form requirements, and a small mistake is enough to make it invalid, warns the chamber.

An additional advantage of a will included in a notarial deed is that the fact of the will is always entered in the National Register of Wills. This is a guarantee that it will certainly be brought up and taken into account during the probate hearing, thus the will of the testator will prevail, the announcement states.

(MTI)

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