öröklevél

An öröklevél, often translated as a "last will and testament" or "testamentary disposition," is a legal document in Hungary that specifies how a person's assets and property should be distributed after their death. It is a formal declaration of a testator's wishes regarding their estate.

The primary purpose of an öröklevél is to ensure that the testator's intentions are followed regarding inheritance, thereby avoiding potential disputes among heirs. It allows individuals to designate beneficiaries, specify the division of assets, and even appoint an executor to manage the estate. Without a valid öröklevél, the distribution of property would be governed by statutory succession laws, which may not align with the deceased's personal preferences.

To be legally valid, an öröklevél must meet specific formal requirements set by Hungarian law. Typically, it must be in writing and signed by the testator. In many cases, notarization by a public notary (közjegyző) is required or highly recommended to ensure its authenticity and enforceability. The notary plays a crucial role in advising the testator on legal implications and ensuring the document reflects their true wishes without duress or undue influence.

An öröklevél can be amended or revoked by the testator at any time during their lifetime, provided they have the legal capacity to do so. This flexibility allows individuals to adapt their plans as their circumstances or wishes change. It is an essential tool for estate planning in Hungary, providing clarity and legal certainty for both the testator and their beneficiaries.