Market Intelligence

Guy Sagiv co-heads the Family Wealth Management Group at the Yigal Arnon & Co. law firm and has been advising high net families and individuals on their estate planning for more than a decade.

If you are not tax-resident in Israel, life-time transfers of residential property between family members are taxable transactions, even if the transfer is in the form of a gift for no consideration.

Your Will needs to be clear and comprehensive, for obvious reasons. To assist you in assembling the information you require, we have complied the following list.

If you own a property, have funds in a bank account or own other assets in Israel, we strongly suggest that you consider drafting a separate Israeli will.

The Israeli courts have jurisdiction over an estate either if the deceased was resident in Israel or if the estate includes Israeli assets.

An enduring power of attorney - sometimes called a lasting power of attorney - allows you to appoint someone to manage your financial affairs and to make decisions about your physical well-being and personal issues when you are no longer competent to do so.