Legacy
A legacy (bequest) is the gift of a single object or sum without making the beneficiary an heir. The legatee has a claim against the estate.
Unlike an heir, the legatee does not step into the entire legal position of the deceased. They receive only the object granted, such as a specific item, a sum of money or a right of residence.
The legacy is ordered in the will. It is owed by the burdened heir, who must hand over the object or pay the amount.
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Legal basis
Statutory texts for orientation; the version in force at the relevant time prevails.
This explanation gives a general overview of Austrian law and does not replace advice in an individual case. The specific circumstances of your inheritance are always decisive.
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Will
A will is a unilateral declaration of how a person’s assets should be distributed on death. It takes precedence over statutory succession but must observe strict formal requirements.
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Statutory succession
Statutory succession governs who inherits when there is no valid will. It allocates the estate by lines of descent and the position of the surviving spouse.
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Compulsory portion
The compulsory portion is the statutory minimum share of close relatives in the estate. It amounts to half of the statutory share of inheritance and is generally payable in money.
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