The sale of your house has come to an end: a buyer has been found with the help of a broker and price negotiations have been completed. Now all that’s missing is the notarial sales contract or a notarised agreement to legally conclude the transaction and register the sale with the notary. But what is in this kind of contract and what is its legal effect? Can you withdraw from a notarised agreement after it’s been signed?
With the help of the Swiss Civil Code, inheritance law in Switzerland governs succession, provided that the deceased has not left a will. The so-called parentelic system of succession determines which heirs are the main heirs to the inheritance and how large their share of the estate is. Especially with large hereditary communities, it is advisable to write a will in time. If property such as a house, land or an owner-occupied flat is in the estate, a will prevents disputes among the heirs. In addition, you distribute your inheritance to the heirs who appreciate your estate.
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Engel & Völkers Switzerland
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6300 Zug | Switzerland
Tel: +41 41 500 06 06