Mahajäämuse

Mahajäämuse is an Estonian term that translates to "inheritance" or "legacy" in English. It refers to the property, assets, rights, and obligations that are passed down from a deceased person to their heirs. This concept is central to Estonian inheritance law, which outlines the procedures and rules governing the transfer of a deceased person's estate.

The process of mahajäämuse typically involves identifying all assets and liabilities of the deceased, such as real estate, bank accounts, investments, debts, and personal belongings. Heirs then have a legal right to claim their portion of the inheritance, according to the deceased's will or the provisions of Estonian law if no will exists. The law also specifies the order of succession, determining who qualifies as an heir and in what proportion they inherit.

Mahajäämuse can encompass both tangible and intangible elements. Tangible assets include physical property, while intangible aspects might involve intellectual property rights or contractual obligations. The administration of an estate involves settling debts, paying taxes, and distributing the remaining assets to the rightful heirs. This legal framework ensures that the deceased's affairs are settled in an orderly manner and that their assets are transferred appropriately.