1 Marriage contracts
There are three different types of marriage contracts in Luxembourg, with distinct consequences on inheritance and divorce. Speak with a legal advisor to understand the differences.
2 Inheritance rights
By law, children have first claim to certain assets and parents can only make bequests to others within legal limits.
3 Cross-border issues
“In Luxembourg, there is no inheritance tax between parents and children,” when both live in the grand duchy, says Aude-Marie Breden of MyOwnTaxPractice. If a child lives abroad or if the parents have foreign real estate, things become more complicated.
4 Drafting your last testament
There are two ways to write a will. You can simply write out your wishes in longhand, date and sign it, and register it with the Luxembourg Land Registration and Estates Department (www.aed.public.lu). Or work with a notary who will give advice and record your last wishes.
5 Home renovation help
Homeowners can access a combination of national and local subsidies to help pay for green upgrades. The Myrenovation app walks users through the entire process. The amounts on offer can be substantial.