This is an increasingly common method of acquiring property: Here's how to still get an inheritance in Serbia
Inheriting property in Serbia is becoming an increasingly common way to acquire ownership, and there are various legal mechanisms by which inheritance can be achieved. Experts explain the most common procedures and heirs' rights.
TL;DR
- The agreement obligates the recipient to transfer specific assets upon death and the provider to offer lifelong care and burial.
- It's a bilateral contract with obligations of care and property transfer.
- The care provided is complex, aiming to ensure a normal daily life for the recipient.
- Due to the uncertain lifespan, the value of services may not equal the asset's value, making it an aleatory contract.
- Certain individuals involved in caregiving professions (medical staff, social workers, nursing homes, etc.) are prohibited from entering these agreements without consent from a guardianship authority.
- The agreement must be concluded before a public notary or, in their absence, a basic court.
- The notary must warn the parties that the property does not enter the estate and cannot satisfy forced heirs.
- Failure to follow the proper procedure can render the contract void.