Many people assume that a will made in their home country will cover everything they own in Israel. The reality is different. If you hold a property, an investments, or even a bank account in Israel, an Israeli will is essential.
Different legal systems mean different rules
A will that is valid in the United States or the United Kingdom (or numerous other foreign countries) is not automatically enforceable in Israel. Israeli courts require local recognition. One must go through a process of a probate in order to validate the will. In general, the Israeli Law would always rather have a shorter will, straight and to the point, unlike most US wills which are very wordy and lengthy. The process is far easier when the will is prepared under Israeli law. Without a local will your heirs may face delays, extra costs, and avoidable disputes.
Avoid delays and extra paperwork
If your only will is from abroad, the authorities in Israel most likely require notarized translations, apostilles, and additional court applications before they act, in addition to the regular required documents. This can hold up the sale or transfer of real estate and block access to your bank accounts. A will drafted in Israel will avoid or shorten these extra steps, streamlining everything so your family can act faster.
Best practice for families with assets in more than one country
The safest approach is a separate will for each place where you hold assets. Each will should speak only to the assets in that country and should be written to work alongside the others rather than cancel them.
Bottom line
If you own anything in Israel – an apartment, land, a bank account or shares, you should have a will under Israeli law and practice. It protects your wishes and spares your family unnecessary stress, time and costs.
At Haim Givati & Co. we draft clear Israeli wills and coordinate them with your existing foreign will. Contact us to schedule a consultation. We handle the details so you and your family can have peace of mind that your heirs will receive everything without stress or unnecessary delays. Contact us today to draft your will.
