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Successions and wills

Will : tax formalities

The liquidation of a succession has serious tax consequences. The tax laws require the filing of income tax returns for the deceased. Nevertheless, the heir is permitted to make certain elections which may be profitable. Certificates must be obtained from the tax authorities to permit the final distribution of property to the heirs. These measures are important and taxpayers must follow them. Ask your notary for help. He is aware of these requirements.