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Wills and Inheritance Law in Bulgaria A Bulgarian will :Busy:can be made by any person who:
has reached 18 years of age
is not under full judicial disability
can act reasonably
Types of Wills in Bulgaria :Study:
According to the Bulgarian legislation, the following types of will exist:
Notarial will
Personally handwritten will
Notarial will
The notarial will must be executed by a notary in the presence of two witnesses in the following way:
The testator expresses their will to the notary verbally.
The notary writes the will as it is expressed and reads it back to the testator in the presence of the two witnesses.
The notary records the date and the place of making the will.
The will is signed by the testator, the witnesses and the notary.
Personally handwritten will
The personally handwritten will must be entirely hand written by the testator. It must state the date it is written and be signed by the testator at the bottom of the document.
The personally handwritten will is then sealed in an envelope and given to a notary for safe keeping. This has to be done in the following way:
The notary makes a Protocol (a notarial, legal record) over the sealed envelope containing the will
The Protocol is signed by the will maker and the notary
The notary enters the Protocol in a special register
For contact information on local notaries able to help in the creation and registration of wills, see the lex.bg website (in Bulgarian).
Reserved Part
It is important to note that descendants (children, grandchildren and so on), parents and the spouse of the testator are entitled to a reserved part of the inherited estate. The testator is not entirely free to make a will without leaving some property to these people.
Foreigners and Wills in Bulgaria
A foreigner may make a Bulgarian will if:
the will is related to immovable property located in Bulgaria and owned by the foreigner,
the will is related to movable property owned by the foreigner, and they have a habitual residence in Bulgaria
Inheritance Law in Bulgaria
Matters of inheritance are regulated by the Succession Act. According to Bulgarian law, the following ways of inheritance exist:
Inheritance by law
Testamentary inheritance/Inheritance by will
Inheritance by law
Inheritance by law is regulated by Bulgarian legislation and is applicable under the following circumstances:
If the foreigner owns immovable property located in Bulgaria
If the foreigner owns movable property and has a habitual residence in Bulgaria
The foreigner may choose for the inheritance to be entirely arranged by the law of the country of which he is a national citizen at the moment he made his choice.
Reserved heirs and intestacy
In the case of intestacy - a person dying without a will - the following heirs (in the order below) are entitled to receive a part of the inheritance:
children and the spouse
the parents and the spouse (if the deceased has left no children or other descendants)
the ascendants from second or higher degree and the spouse (if the deceased has left parents)
brothers and sisters and the spouse (if the deceased has left no children and no parents)
A person may not inherit by law or by will if they were not yet conceived at the moment of opening the inheritance, if they were conceived but did not survive birth or if there are not permitted to inherit under special provisions of Bulgarian law.
Bulgarian Inheritance Tax
Inheritance tax is levied on:
the properties of Bulgarian citizens in the country or abroad inherited by law or will
the properties of foreign citizens in Bulgaria inherited by law or will
Inheritance tax is paid by the heirs (whether they inherit by law or by will). Inheritance tax is not paid by the surviving spouse and by lineal heirs without restriction.
Each heir must submit a declaration to the municipality in which the testator had their last residence. If they had no residence in Bulgaria then the declaration is submitted to the municipality of the area where most of the property comprising the inheritance is.
The Inheritance tax rate is determined by each municipality independently, within the following limits:
0,4 % - 0,8 % brothers, sisters and their children: for a share of the inheritance over 250,000 Bulgarian levs
3,3 % - 6,6% Other cases: for a share of the inheritance over 250,000 Bulgarian levs
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Information supplied by Tax Com Ltd, 5 Nikola Vaptsarov Str., Floor 5, Office 501, Varna 9000
Tel: 052 712 381 / 052 712 382, Fax: 052 712 383
e-mail Website
Managing Director: Mr Delyan Sarov
:Wav:This is the best I could find in plain straight forward English