Everything you need to know about the new inheritance law

[Демитрий]

Everything you need to know about the new inheritance law
On September 1, amendments to the Civil Code of the Russian Federation come into force, changing the order of inheritance of property of deceased relatives. Two more important innovations are scheduled for next summer. How will the inheritance law change?

Inheritance fund

The updated version of the law includes the concept of "inheritance fund". Now, by the will of the testator, a legal entity may be established to manage the property of the deceased.
This should be reflected in the will. If desired, the testator supplements the text of the document with the charter of the organization, clarifies the conditions for doing business, indicates the circle of responsible persons (not necessarily relatives), the method of disposing of income.
From the profit it is allowed to pay cash to any individuals or organizations. If the heirs from among the relatives do not want to burden themselves with managerial functions, but intend to participate in the distribution of income, their will and their share should be indicated in the will.
The charter of the foundation cannot be changed after the death of the testator, so its preparation should be treated with utmost responsibility.
This norm also affects the terms of entry into the inheritance. The notary who conducts the case of the testator is required to register the fund as a legal entity within three days, after which management passes to the persons specified in the will. Until now, this period has been stretching for six months.

Inheritance contract

Another norm in the inheritance law will enter into force on June 1, 2019: the will, like a document determining the distribution of property of a deceased citizen, will have an alternative in the form of an inheritance agreement.
You can conclude it with both a private and a legal entity.
The main difference between the contract and the will is that the testator indicates certain conditions that the recipient of the inheritance must fulfill after the document comes into force, for example, take care of pets, organize a funeral, erect a monument and keep it in good condition and so on .

And if the heir does not fulfill the duties assigned to him, the contract is terminated in court. For this, the testator has the right to indicate the controlling person in the document.
As in the case of the fund, the inheritance agreement allows the successor to enter into the rights immediately after the death of the testator, and not after six months.
An agreement can also be concluded with a minor, however, in this case, the consent of his parents or guardians is necessary. The document is mandatory certified by a notary and registered in accordance with all the rules if real estate is listed in the list of inherited property.
As in the case of the fund, the inheritance agreement allows the successor to take over immediately after the death of the testator, and not after six months.
An agreement can also be concluded with a minor, however, in this case, the consent of his parents or guardians is necessary. The document is mandatory certified by a notary and registered in accordance with all the rules if real estate is listed in the list of inherited property.

Until death do us part
Also, from June 1 of next year, the spouses will receive the right to draw up a joint will (before such a right was reserved only for residents of the Crimea and Sevastopol). True, in this case, the deadline for inheritance, as now, is six months after the death of the last of the testators.
There is a fundamental difference in that the legal spouses will be able to include in the common will not only jointly acquired property, but also the personal property of each. The document also allows you to determine the shares due to each heir.

If the marriage is dissolved before the death of one of the spouses or is invalidated after that, the will is not valid. It is impossible to make changes to the document after the death of any of the testators.