Following US legislation (FATCA - Foreign Account Compliance Law), to curb black capital, along with money laundering (tax evasion, or capital derived from the illegal activity), the banks in Israel are required, In general, to report about accounts belonging to nonresidents in Israel
Movies and TV shows teach us that most people in need of a lawyer are people who have committed clear, well-defined crimes that even those of us lacking legal education understand only lawyers can deal with. This refers to clear-cut criminal offenses. Criminal offenses which are less photogenic or obvious, but are still just as severe, are referred to as white-collar crime – for example various types of money laundering and tax evasion.
Different inheritance laws in different countries can lead to serious loss of money and property, when wills are not correctly prepared or when people are ignorant of their relevant legal rights. The ideal solution is to consult a local lawyer on any issue related to property and inheritance laws, and particularly those laws pertaining to wills; however, people often neglect to do so, erroneously thinking that a will is a will, so what's the difference? This grave mistake could cost you and your family property as well as a lot of money.
Many Israelis reside outside Israel. Some have left for a limited period of time, to study or due to relocation, while others have moved out of Israel for a longer period. Regardless of their reasons and the duration of their stay abroad, their connection to Israel is not so quickly cut off. Usually, even when moving to another country, different asset remain in Israel, from an apartment to bank and pension accounts and active businesses. From time to time it is necessary to manage what we have left behind when moving abroad.
Many Israeli citizens reside outside of Israel, whether temporarily or permanently. However, most Israelis residing abroad have first-degree relatives in Israel, and some of them even hold various assets in Israel. Naturally, in the ordinary course of life, we all need from time to time to deal with inheritances and estates, whether these are assets we inherited or assets we intend to bequeath in the future. When an Israeli citizen who does not reside in the country desires to put in order his future estate, or alternatively is entitled to an inheritance from a deceased relative who resided in Israel, it is recommended for him to approach an inheritance lawyer in Israel. Laws dealing with inheritances and estates change from country to country, and it is recommended to hire a lawyer who is knowledgeable about the inheritance laws applicable in Israel, to guarantee the best possible protection of your rights and interests. A foreign lawyer, who is not familiar with all details of Israeli law and is not acquainted with the Israeli legal system, will just not do.
The authority to legally represent in Israel is granted only to lawyers who hold a legally valid license to practice law in Israel. Section 20 of the Bar Association Law, 5721-1961, determines a list of unique actions which only lawyers are allowed to take:
• Representation before various public authorities such as courts, tribunals, bodies with judicial or quasi-judicial powers and various state agencies such as the tax authorities and the registrars of companies and partnerships;
• Preparing documents of a legal character, including representation in negotiations toward the preparation of such documents;
• Advice and providing legal opinions.
The State of Israel is an advanced country with an established system of laws that is unique to it, and to find your way through this complex and branched system, it is often necessary to seek legal advice. This is especially true in case that you are not "friends" with the Israeli legal system and its laws and regulations for various reasons, and you require professional advice and guidance. An Israeli lawyer is a lawyer who is familiar with the details of Israeli justice, familiar with all laws, rulings, amendments and regulations and who can therefore assist you in finding your way through the various fields of law, including an area of law that requires profound knowledge and acquaintance with the local bureaucracy such as civil-commercial law.
Inheritance law in Israel is governed in principle by the Inheritance Law, 5728–1965. This law determines that in Israel there are only two ways to bequeath an inheritance: by a last will and testament or by the law, and in the wording of Section 2 of the law: "the inheritors are inheritors by law or those entitled by a last will; the inheritance is by law, unless it is by last will."