You may want to consider the following key aspects to settle an inheritance in Colombia, South America:
1.- In Colombia, there are two types of inheritance: with a valid will and without it.
2.- An inheritance can be processed by mutual agreement among the heirs or with dispute.
3.- There are two ways to process an inheritance in Colombia: through the judicial system or public notary. For the last one, all the heirs must be fully agree with the distribution of the assets.
4.- The inheritance caused in 2019, with assets over USD$11.000, must be processed with the assistance and representation of a lawyer.
5.- An effective way to reduce conflicts among heirs is to leave a Last Will. Click here for more information.
