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estate planning Archives

Greece back in recession. What does this mean for my estate?

The Greek government-debt crisis has been an ongoing international issue for nearly a decade. Recent turmoil has led to another wave of emigrants, mostly young people, who seek to establish themselves elsewhere outside the country.

Estate planning when one owns property in Greece

A person can have all manner of wishes and goals when it comes to what happens with the property they own when they pass away. Estate planning can help with trying to ensure such wishes are followed and such goals are achieved. Now, there is not one standard type of estate plan. Rather, there are a wide range of documents such a plan could contain, with each class of estate planning document having its own particular ways it can be customized.

The importance of estate planning for parents living overseas

Migrating to the U.S. is no easy feat but you did it. You made it here and have started a new life. Unfortunately, your parents are still back in Greece and you miss them terribly. Since you're unable to see them on a regular basis, you make it a point to have weekly phone dates.

Guarantee that your health care wishes are met with a living will

No matter how healthy and happy you feel, you can benefit from a living will. A living will is not quite what it sounds like. It is a document that gives instructions to doctors if you are unable to communicate your health care wishes. It is much better to be prepared with a living will than to be without one when you are in need.

Greece seeing rise in inheritance disclaimers

Inheritances are generally seen as a good thing to receive. However, there are some things that could majorly impact how much a person would actually want a given inheritance. One is if the property given has major costs associated with it, like inheritance tax costs or maintenance costs. Another is if the person doesn’t view the property as being very helpful to them. When a beneficiary views a given inheritance as being a bigger burden than a help, one thing they might do is disclaim it.

Hahalis & Kounoupis, P.C. - Greek Law Group
Phone: 610-628-1336
Toll Free: 877-509-4333
Fax: 610-691-8418

U.S. Offices:
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Bethlehem, PA 18018
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New Jersey
1015 New Durham Road
Edison, NJ 08817
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Greece Offices:
18 Valaoritou Street
4th Floor
Athens, 10671
Greece
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10 Ermou Street
Thessaloniki, 54625
Greece
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Hahalis & Kounoupis, P.C. - Greek Law Group