Unlike many other countries, Israel does not currently have estate taxes or death duties. Nonetheless, if you have assets in Israel, prudent planning in advance can save your heirs or beneficiaries time and money, and make it possible to distribute your assets as you wish. A common mistake is to rely on one’s foreign estate planning, which can often lead to unwanted costs and delays. Furthermore, when combined with the complexities of real estate law in Israel, and the associated tax consequences, improper planning can add to the burdens and make it difficult to realize assets.
The attorneys at Reshef and Shiff draw on their decades of experience in the relevant fields, as well as in handling litigation around wills and estates, to help you plan for the future as efficiently and effectively as possible, avoid unnecessary expenses and taxes, and ensure your heirs benefit from your assets the way you want them to.