Succession in Lithuania

  • 2012-05-30
  • Marius Matiukas, Associate lawyer, ECOVIS Mi┼íkinis, Kvainauskas ir partneriai advokat┼│ kontora
Succession, according to the Civil Code of the Republic of Lithuania, is the devolution of property rights, duties and some other personal non-property rights of a deceased natural person to his heirs by the operation of law (intestate) and/or to successors by the will (testate). Subject to succession are: material objects (movable and immovable things) and non-material objects (securities, patents, trade marks, etc.), claims of patrimonial character and property obligations of the bequeather; in cases provided for by laws – intellectual property (authors’ property rights to ...
 
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