Inheritance: Belgians have greater recourse to extra-judicial mandates and inheritance pacts

Inheritance: Belgians have greater recourse to extra-judicial mandates and inheritance pacts
Inheritance: Belgians have greater recourse to extra-judicial mandates and inheritance pacts

As we can see in our infographic (see below), a total of 100,451 extra-judicial mandates were concluded last year in our country. And nine out of ten were signed in Flanders! As a reminder, the extra-judicial mandate was introduced in our country in 2014. It allows preventive measures to be taken in the event that the person is no longer able to manage their assets themselves, following for example a accident or illness.

In total, to date and since 2014, more than 500,000 extra-judicial mandates have been concluded in Belgium.

“You can designate one or more people to manage your bank accounts, pay your bills or collect your pension, for example. With this type of mandate, you can also give certain instructions regarding a sale or donation. Thus, your assets are not blocked by the fact that you are no longer able to exercise your will”recalls in a press release Renaud Grégoire, notary and spokesperson for notaire.be.

Number of succession agreements registered ©IPM Graphics

The judicial mandate is also a care planning tool. In total, to date, more than 500,000 extra-judicial mandates have been concluded in Belgium. In most cases, this mandate is granted to the partner or to one or more children.

More and more Belgians are refusing their heritage

In transparency

Last year, more inheritance pacts were also concluded: in 2023 there were 5,927 compared to 4,649 in 2022. Here too, it is in Flanders where this instrument was used the most: it was been 4,422 times compared to 1,209 in Wallonia and 296 in Brussels. As noted by notaire.be, an inheritance pact offers families additional options to settle their inheritance in complete transparency. “It is an ideal tool for identifying past affairs and discussing them openly. All heirs, including stepchildren and grandchildren, are included in the discussions, which helps reduce family conflicts and gain peace of mind.”underlines the press release from notaire.be.

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