Procedure for Inheritance in Israel

Death is a natural phenomenon. However, after a person’s demise, their property and possessions are inherited by their successors. In the presence of a will, the inheritance rights are given in accordance with the deceased’s wish as mentioned in the will. Conversely, in the absence of the will, the Israel Inheritance law, 1965 takes over and determines the right to succession. This law is applicable in cases where the deceased was a resident of Israel at the time of death or owns property there.

Documents required for Succession

In either case, the deceased’ successors must apply to the Registrar of Inheritance or rabbinical court for the order of inheritance or order of existence of a will.

When the deceased is not a citizen of Israel, but holds property there, Israeli law provides right to succession only on the production of the order of inheritance or existence of a will from the deceased’s country of citizenship. Inheritance of property in Israel is made possible by the court only on receiving the aforementioned documents. In cases where the deceased passes away without a will, the right to succession is determined by the Succession law, 1965; irrespective whether the heir is a local or foreigner.

Need for a Lawyer

As the inheritance law varies from country to country, it is advisable to hire a lawyer well versed with inheritance laws. These lawyers in Israel enable their clients to go through the process of inheritance smoothly. What’s more, they can effectively deal with any issues related to inheritance in the court of law. So, whether you are resident of Israel or a foreigner inheriting property in Israel, hire an experienced and knowledgeable lawyer.

For further details, contact them at www.aharonilaw.com

Whom to choose for Legal matters for a Real Estate in Israel?

Hiring a real estate agent for completing the procedure of buying or selling a property does not secure a smooth process. To look after the legal matters as well as lower the chances of any legal obstructions, you need the assistance of a professional, who is well-acquainted in legal matters.

When you go for hiring a lawyer to buy a real estate in Israel, you will get plentitude options; however, picking the right one in the crowd can be a little daunting. You can stress on the followings for this:

• Professional experience in the market
• A solid marketing strategy
• Negotiation skills

If you are satisfied with the aforementioned ones, communicate with them and resolve your queries about the property. They offer a wide array of services like

• Representation in the purchase or sale of residential or commercial property
• Providing legal representation regarding Israeli real estate taxation
• Contracts
• Israeli property rights
• Litigation
• Registry
• Mortgage
• Conducting due diligence
• Representation of tenants or landlords in commercial leases

The Aharoni Law Offices is a big name in this field. They offer a wide array of services to their clients. All of their professionals are certified and experienced in this field. Would you like to get their services? Do you have any queries? Feel free to call at 972-50-7322688 or visit their website https://aharonilaw.com

Questions to ask to Real Estate Lawyers before Hiring Them

Buying a property or selling is not an easy procedure. There are lots of things involved with it and the most common among them are the legal issues. And a real estate attorney can hardly handle all these issues.

The thing that you need to do is to hire a professional who has knowledge and proficiency in real estate in Israel. However, before you choose one, you need to ask them several questions including:

1. How long have you been practicing?

Before hiring a professional, it is helpful to determine how much real-life experience he or she has in this field. However, it is not always necessary to hire one who has years of experience as they charge the most. Based on your need, choose the professional.

2. How many cases have you handled?

Not all of the real estate matters require the same solution. If your attorney has already handled the same kind of cases, he or she can better foresee the problems and prepare strategies to resolve them.

3. How would you handle the case?

It is not out of line to ask a professional what he or she is trying to do to resolve the problem that you are going through. It will help you to understand which attorney has knowledge in this field.

4. How will you bill?

Knowing the fee structure help you to avoid unpleasant surprises later. You may be able to negotiate the price. However, it is not always possible.

The Aharoni Law Offices is a reputable name in this field. With their experienced professionals, they offer a wide array of services.

Tips for Healthy Real Estate Investment in Israel

Real estate investment has never failed to woo investors. However, real estate investment, irrespective of the country or location is always fraught with risks. The geopolitical situation, natural calamities and economic situation continue to create ripples in the real estate ocean. No real estate investment is free from ups and downs. So, although Israeli real estate is promising, taking diligent steps is advisable.

Tips for Safe Investments

• Considering location is essential for successful real estate investment. For instance: Tel Aviv and Central Israel are popular locations. It comes with the certainty of getting you a significant profit when sold. Moreover, finding a buyer for a property in a prime area like Tel Aviv may not be challenging.

• You also need to consider the yield vs profit while investing in real estate. Considering location alone is not advisable. For instance: Buying an apartment in Tel Aviv may come with a promise of profit on sale to the extent of five percent in the consecutive year itself. For, the real estate prices in Tel Aviv have already touched the skies, and chances of a significant appreciation are low. Moreover, the rental (or yield) may be even lower, at around 3 or 3.5 percent. Conversely, buying an apartment in a more peripheral location may get a profit of nearly twenty percent; thanks to the lower property rates. In fact, the yield could also be high as the property prices are not as high as Central Israel. Therefore, percentage of yield would certainly be higher. So, when yield and profit are better in peripheral areas, an investor with a huge investment can even invest in many small properties rather than one expensive one.

So, invest in Israel, but with due diligence and consideration of important factors. Reputed lawyers can help investors with the legal aspects, besides guiding them through the real estate process.

Avoid Legal Matters with a Real Estate Agent

Buying a real estate property and that too in Israel is a dream of many. Spending a good amount of money is not always the only criteria for getting a property. The question that will come to your mind is what are things that you need to consider when choosing a property?

The value of the land, neighborhood, and distances of airport, hospitals and other things are the main points that one like to consider.  But then also, some points remain untouched most of the times. And it is none but the legal matters. It is many important to make it sure that there are no legal obstacles that can prevent you to get the property.

And to ensure it the best thing that you can do is to hire a real estate lawyer before you buy a real estate in Israel. As they have experience and expertise in this field, they can look into the matter and will resolve the legal matters if there is any.

There are several legal firms that offer services related to real estate. And a reputable name among them is The Aharoni Law Offices. Based on the needs of their clients, they offer services. Will you also want to get their services? Do you have any queries? Feel free to call them at 972-50-7322688

Types of Land in Israel

Before you set out to invest in real estate in Israel, it is important to understand the types of land in Israel and the laws pertaining to them. For, although real estate investment in Israel is profitable and promising, all kinds of land are not subject to ownership by all. Certain restrictions are levied on the ownership of certain land.

Types of Land in Israel 

Here are the details of the different kinds of land in Israel.

Most of the land (approximately 80 – 90 percent) is owned by the Government. A meager eight to 15 percent is privately owned and a negligible portion is not categorized under any of the two.

The land owned by the Government is jointly owned by the State, the Jewish National Fund and the Land Development Authority. The State owns 69 percent of the land, the Land Development Authority and the Jewish National Fund own twelve percent of the land each.

Land owned by the Government cannot be sold to either a foreigner or Israeli citizen. It can only be leased for a long term. However, the laws pertaining to each one of these vary.

Here are the differences. 

Land owned by the Jewish National Fund is specifically meant for the welfare of the Jewish community. This land can therefore, be leased only to members of the Jewish community, whether foreigners or Israeli citizens. Conversely, land owned by the Development Authority and State can be leased to anyone from the Jewish community or others.

The ownership of privately owned land can be transferred by the owner to any other person, foreigner or Israeli citizen, on abiding by the respective laws and closing process of buying property in Israel. As privately owned properties are mostly in the urban areas, they are highly in demand and are expensive.

Whatever the type of property, lease and purchase process is tricky. It is therefore, advisable to hire lawyers well versed in Israeli real estate law to assist you through the process.

One such is Aharoni law firm

4 Conditions When you Should Hire a Real Estate Attorney

Before you buy a property, you need to consider a lot of things. And some crucial things among them are the location of the property, the value of the property and many more. A real estate agent can help you in this.

However, when legal issues arise, your real estate agent can hardly answer. In that case, you need the assistance of the attorney. Although good agents know a lot about the negotiating as well as contracting part of the process, they cannot make judgments on the legal matters.

Here are the four situations when you need to consult with a lawyer for buying a real estate in Israel:

• When it is mandatory: Several states mandate the involvement of a licensed attorney in the transaction of the real estate property. If you are planning to buy a property in one of these states, you need to hire an attorney.
• When it is complex: If a complex situation is involved in any of the buying procedure, it would not be easy for you to handle it. Shoulder the responsibility to them.
• When it is high value: Working with an attorney in a high-value residential transaction can be very important. An attorney with the home inspector ensures that the property meets the expectations of the buyer.
• When it is high stress: By involving a legal professional, buyers and sellers can participate in the transaction with confidence and a full understanding of what is happening.

The Aharoni Law Offices is a reputable law firm that offers quality services to their clients. Would you like to get any of their services? DO you any questions that you want to resolve? Feel free to contact the professionals at 050.7322688.