Can a non-profit making body inherit?
Yes. A non-profit making body is a legal personality, which is set up and functions according to law, and, accordingly, has capacity to inherit.
Can a limited commercial company inherit?
Yes ! A limited company is a legal personality set up by law, and as such, is entitled to inherit.
Is a non-profit making body or other legal association entitled to inherit if it is set up after the death of the deceased?
Yes , providing that it gained the right to inherit the property within a year from the date of the order to divide the estate, according to law or will.
Do heirs have the right to enjoy property bequeathed to an association?
The heirs are entitled to "enjoy property" of an association , even if they cannot inherit according to the will. For example, someone who is born more than 300 days after the deceased dies, cannot inherit personally, but can benefit from a fund set up to divide the estate.
Is there any time limit on the capacity of an association to inherit?
Yes. While in principle while an association must be formed within a year of probate being granted to be entitled to inherit, the court has discretion to lengthen this eligibility period by another year . This means that an association that is a beneficiary under a will can inherit if it is formed within two years of the deceased's death .
Can a private institution inherit?
Yes ! If the private institution or private body is an association that was actually set up according to law, as it should be by definition, it will be entitled to inherit.
Can a public institution inherit?
Yes, if the public institution was formed according to law, it can inherit .