Remote management of real estate inheritance and sale in Lithuania

According to Lithuanian law, an inheritance must be accepted within 3 months from the date of the inheritance (usually from the date of the person's death).

A legacy is accepted by contacting a notary at the place of residence of the deceased person.

If you live abroad, the process can usually be organized through an authorized person.

Missing the deadline does not always mean that inheritance rights are lost.

In certain cases, the deadline may be extended by court order or a solution may be found by agreement with other heirs.

Each situation is assessed individually - it matters how much time has passed, whether there are other heirs, and what actions have already been taken.

The earlier the situation is assessed, the more possible solutions are available.

Most often needed:

• will (if inherited by will);
• passport or ID card;
• death certificate;
• documents confirming kinship;
• marriage or name change documents (if applicable);
• real estate documents;
• legalization or Apostille of foreign documents (where applicable);
• official translations into Lithuanian.

If you don't have some of the documents, in most cases they can be restored.

I help identify what documents are missing and coordinate the process of obtaining them.

Not always. In most cases, inheritance, registration and even property sale processes can be organized through a power of attorneywithout coming to Lithuania.

I help:

• prepare a mandate;
• organize translations;
• communicate with notaries and state institutions;
• fully coordinate the process until the final result.

You don't have to fly to Lithuania for every step of the process.

Yes, but fees depend on the relationship. Close relatives are usually exempt from inheritance tax., for example: spouse, children, parents, grandparents, grandchildren.

Inheritance tax:

• 0% – close relatives
• 5% – up to 150,000 EUR taxable value
• 10 % – over 150,000 EUR

Each situation must be assessed individually before starting the inheritance process.

This is a common situation.

The inheritance process may incur costs:

• notary services;
• translations;
• legalization of documents;
• property valuation;
• registration fees.

If you are currently unable to cover all the expenses immediately, this does not necessarily mean that you have to renounce the inheritance.

Depending on the situation, possible solutions may include:

• planning the process in stages;
• covering costs from future asset sales;
• individual financial solutions.

The earlier the situation is assessed, the more possible solutions are available.

In certain cases, yes.

Depending on the stage of the inheritance process and the specific situation, various solutions may be possible:

• sale of a portion of inherited property;
• transfer of a share;
• agreements between heirs;
• alternative implementation solutions.

Each situation is assessed individually.

Mostly yes.

But first there must be:

• the inheritance process has been completed;
• registered property rights;
• tax consequences assessed;
• all documents necessary for the sale have been prepared.

I will take care of the entire process - from inheritance to successful sale.

Yes.

Many of our clients living abroad complete the entire process without coming to Lithuania.

A properly prepared power of attorney allows you to:

• to accept an inheritance;
• manage documents;
• register property;
• sell property;
• sign the necessary documents.

Many of my clients complete the entire process without coming to Lithuania.

Possibly so.

When selling inherited real estate, the following may apply: personal income tax (PIT), which currently generally amounts to 15%.

However, the tax liability depends on:

• when the property was inherited;
• how long the property was held;
• the value of the inherited property at the time of inheritance;
• specific tax situations.

It is also important to assess not only the moment of inheritance, but also further sale of the property, because this is where additional tax issues most often arise.

Before making a decision to sell inherited property, we recommend that you assess the potential tax consequences in advance.

Yes.

Inherited property can sometimes be related to:

• utility debts;
• credit obligations;
• arrests;
• co-owner issues;
• other legal restrictions.

Therefore, it is important to conduct a thorough legal check before making decisions. I help you assess this before you even start the inheritance process.

Many heirs are unaware that It is worth assessing the market value of the property before accepting the inheritance.

A properly conducted individual property valuation can:

✓ reduce future GPM
✓ help avoid overpayment
✓ save thousands of euros

Property valuation before the inheritance certificate is often recommended precisely for future estate planning.

1. the 3-month deadline is missed;
2. the property is accepted without an appraisal;
3. VAT is calculated incorrectly;
4. unverifiable liens or obligations;
5. Agreements between heirs are signed too early.

Most of these mistakes can be avoided even before the first visit to the notary.