Moreand more people want their very personal values to last beyond their lifetime. And they are thinking about their inheritance: How can I arrange it so that there is no dispute? What do I have to do to ensure that what I wish for really comes to pass when I am no longer around? As a member of the initiative "My legacy does good", we present food for thought, orientation and practical tips on estate planning issues on this page.
This episode is about the right form for a legally valid will. Suggestions and initial assistance are given on how to formulate your last will and testament. This Video is in German language. English subtitles available.
This episode is about: What can a charitable organisation or foundation actually do for me if I appoint it as my heir? And we ask what taxes, fees and costs actually arise in the context of a will. This video is in German. English subtitles available.
Guest article by the online magazine Prinzip Apfelbaum, based on the article published therein "Nachlassberatung: Auf wen Verlass ist" by Lars Klaaen, published in issue 14. You can read all articles and issues of the online magazine free of charge at:
www.das-prinzip-apfelbaum.de
Paper and pen, that's all you need to write a handwritten will. For it to be valid, there are only a few formal things to observe - in theory. In practice, such a handwritten will is often not advisable without advice. German inheritance law is complicated. There are many pitfalls that can cause major problems for the heirs and lead to disputes. Especially those who leave higher assets and real estate and want to leave to a larger group of people should seek help. But where can you find independent advice and who is the right contact person?
A well-planned succession is a matter of trust. With regard to financial questions, the tax advisor is therefore often the first port of call. They already have a good insight into personal and asset circumstances. Those who want to take inheritance and gift tax and the corresponding allowances for their descendants into consideration will receive information here on how best to divide up the estate. Advice on tax law is also important for the transfer of business assets.
Tax advisors are usually also familiar with inheritance law. However, the borderline to inadmissible legal advice is quickly crossed. "Anyone who wants to draw up a will should therefore consult a specialist lawyer for inheritance law," recommends Jan Bittler, Managing Director of the German Association for Inheritance Law and Property Succession. "These specialists bring comprehensive legal know-how to the table, so that all ambiguities are cleared up and the risk of later legal disputes is minimised." It is also important to build up a relationship of trust with your lawyer, Bittler emphasises. "Friends and acquaintances can give helpful recommendations in the search. However, the personal impression always remains decisive."
Inheritance lawyers represent the interests of their clients. They show different variants of how to formulate one's last will so that it is implemented according to one's own ideas. The lawyers explain advantages and disadvantages and give recommendations. Notarising the will, on the other hand, is the task of notaries. They guarantee that the document is legally correct. They are not obliged to explain alternatives that might be more suitable for implementing the last will.
An inheritance usually consists of money and tangible assets. "In the case of money held in accounts and savings books or in cash, the valuation is clear. After deducting any debts and liabilities, the amount that is inherited is fixed," says Thomas Rienecker, spokesman for the German Savings Banks and Giro Association. "With tangible assets and real estate, however, it quickly becomes a little more complicated." In this case, the market value is used as a guide: in the case of cars, for example, by comparing them on Internet portals; in the case of jewellery or works of art, an expert often has to estimate the value.
Debts can also be inherited. These can be, for example, rent arrears, instalment credits or liabilities from loans. "The deceased's debts are deducted from the value of the estate," explains Rienecker. "If the bottom line is negative, the heirs can disclaim the inheritance - but only within six weeks of learning of the inheritance."
People who want to support a good cause with their inheritance should personally contact the association or foundation they want to support. "There you can get more general information and clarify initial important questions," explains Susanne Anger, spokesperson for the initiative Mein Erbe tut Gutes. It is possible to specify exactly for what purpose the bequest or inheritance is to be used. "Non-profit organisations and foundations are reliable heirs. One should discuss with them whether the desired funding possibilities exist in the longer term so that the last will and testament can really be fulfilled," advises Anger. Associations and foundations sometimes also take on tasks that would otherwise often be the responsibility of heirs: Burial, grave maintenance, flat clearance or the care of the beloved pet. A personal conversation is the best way to clarify these possibilities.
Non-profit organisations and foundations are not allowed to provide legal advice. However, they often arrange contact with inheritance law advice or issue vouchers for an initial consultation. "Another nice side effect is that non-profit organisations and foundations are exempt from inheritance tax," says Anger. "The allotted estate, whether small or large, does good and goes one to one."
[The feature associated with this page, Windows Media Player SDK, is a legacy feature. It has been superseded by MediaPlayer. MediaPlayer has been optimized for Windows 10 and Windows 11. Microsoft strongly recommends that new code use MediaPlayer instead of Windows Media Player SDK, when possible. Microsoft suggests that existing code that uses the legacy APIs be rewritten to use the new APIs if possible.]
Synchronized Accessible Media Interchange (SAMI) is a file format designed to deliver synchronized text such as captions, subtitles, or audio descriptions with digital media content. Integrated in a Web browser using the Windows Media Player object model, SAMI promotes accessibility. By using SAMI, you can create rich media content that reaches a larger, more diverse audience.
In addition to standard fonts, SAMI can support other text styles, such as different colors, sizes, or languages to aid a variety of users. SAMI can be particularly useful for individuals who have low vision or those who are deaf or hard-of-hearing. The SAMI format can also assist in educational purposes, such as teaching students a second language.
This topic focuses on the incorporation of SAMI with the Windows Media Player ActiveX control object model. SAMI files exist independently from digital media files and do not rely on a specific video or audio format to function. Since the files are separate, the Windows Media Player control will locate, parse, synchronize, and render each file on the client's computer. This provides for added flexibility and functionality because it allows for the editing of individual SAMI files, the incorporation of the SAMI file with different digital media formats, and the storage of SAMI files on different server locations.
Few national cinemas have authored and challenged definitions of nonfiction film more persistently than Polish cinema. From Marcel Łoziński and Krzysztof Kieślowski to Anna Zamecka and Michał Marczak, the legacy of Polish nonfiction is long and dynamic, fueled by both observational and narrative impulses, anthropological rigor and hybridized transgression. This will be the second year the Museum is partnering with Millennium Docs Against Gravity (MDAG), one of the most important documentary festivals in the world, to host the New York iteration of the festival, featuring a selection of five exciting new films.
Between Us
Dir. Dorota Proba. Poland. 2020, 53 mins. In Polish with English subtitles. Between Us is an intimate portrait of three relationships. The couples decide to have an honest conversation initiated by asking each other a set of seemingly simple questions. Gradually, the space for an exchange of hidden emotions and confessions opens up. Between Us is a depiction of contemporary love with a generous helping of humor. Streaming online.
IN-THEATER ONLY
Kubrick by Kubrick
Sunday, October 10, 12:30 p.m.
Sunday, October 17, 6:00 p.m.
Dir. Gregory Monro. France, Poland. 2020, 73 mins. DCP. In English. Featuring archival interviews with actors and craftspeople who worked with Stanley Kubrick, rare home movie footage, and astonishingly never-made-public audio of Kubrick himself recorded by Michel Ciment for his seminal 1963 study of the man and his oeuvre, this documentary offers a chance to hear the visionary director in his own fiercely intelligent voice. Archival interviews include Arthur C. Clarke, Malcolm McDowell, Jack Nicholson, Shelley Duvall, Christiane Kubrick, Sterling Hayden, Peter Sellers, Tom Cruise, and Nicole Kidman.
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