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Inheritance contract
Advantages and design options of the inheritance contract
An inheritance contract offers the possibility of establishing a binding disposition of property upon death involving at least two people. Such an inheritance contract must always be notarized. Unlike a joint will, unmarried people can also enter into an inheritance contract.
The provisions contained in an inheritance contract can generally only be amended jointly by both contracting parties, and not at all after the death of one of the parties. This binding nature often represents a useful means of managing the estate in the interest of the first to die. If such a binding nature is not desired or only partially desired, the inheritance contract can also provide for a broad authority to subsequently unilaterally amend the provisions.
The inheritance contract thus represents an extremely individual and flexible instrument with which the succession can be ideally aligned with the wishes of the testator.
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