Are you receiving inheritance from someone living abroad? Learn why sworn translations are indispensible
The word “inheritance” is not always followed by good news. Sometimes, inheritance is surrounded by so many problems that you just want to give up. But you should claim what you are entitled to.
Family disputes, legal disputes, inventories that never end. In Brazil, an inventory should be concluded in up to one year, unless there is a dispute, a disagreement between the parties when a will has not been made.
If you are going to receive inheritance from someone abroad, take extra care and follow the process carefully. Several rules must be followed and documents translated by a sworn translator so that they have legal effect in Brazil. Several arrangements must be made, including going to the country where the assets are located.
People receiving inheritance need to work hard; everything should be done in accordance with current Brazilian laws and the laws of the country where the inheritance comes from.
Receiving an inheritance abroad is quite common in Brazil
Being entitled to a real estate or any other asset from a relative who lives abroad is quite common in Brazil due to the large number of immigrants in the country. The first step to follow when you learn you are entitled to inheritance is to pack your bags and meet a lawyer in the country of origin.
In several countries, a person is only entitled to receive inheritance if he/she personally travels to the place to take care of the paperwork.
It is also important to know that under the Brazilian laws a Brazilian inventory is only valid for Brazilian assets. When inheritance comes from Portugal, for example, a transfer is made directly from the local court of record and the contract also has legal effects in Brazil.
In this case, the contract must be translated by a sworn translator; otherwise, it will not be valid in Brazil.
Differently from many other charges, taxes payable on inherited assets are not high in Brazil, which is considered a “paradise of the heirs”: only 4% in average, but this percentage changes according to the each state.
In Sweden, this tax can be as high as 40%, where the government exerts a stricter control over the assets of the population.