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what is Verlassenschaftsgericht

Austrian Inheritance LawAustrian ProbateGerman ProbateInternational Probate

Austrian Probate: How to Access Assets in Austria?

British Testator owned a Bank Account in Austria: Will an English Grant be accepted in Austria? No, unfortunately, it will not. If a British person who owns assets in Austria dies, the personal representative needs to obtain a separate Austrian grant of probate. The English grant is rather worthless in Austria, just as an Austrian (or German or French etc) grant of probate is not being accepted within the United Kingdom, because the UK has…
Bernhard Schmeilzl
July 2, 2018
Austrian Inheritance LawAustrian Probate

How to deal with Estates in Austria

Probate Proceedings in Austria are very different from those in Germany If a decedent who was not resident in Austria owned any assets in Austria at the time of his or her death, this Austrian Estate can only be accessed after going through formal Austrian Probate. Neither an English Grant of Probate nor a German Certificate of Inheritance will enable the executors or beneficiaries to access the Austrian assets, because Austrian banks, brokers, insurance companies…
Bernhard Schmeilzl
June 11, 2018