Table of Contents
| Introduction | Explanation of Enduring Power of Attorney (EPA)Importance of Planning for Incapacity |
| What Is Enduring Power of Attorney? | Definition and PurposeKey Differences from Regular Power of Attorney |
| The Importance of Having an EPA | Benefits and AdvantagesEnsuring Financial and Healthcare Decisions Are Managed |
| Creating an Enduring Power of Attorney | Legal Requirements and EligibilitySelecting an Attorney or AgentDeciding on Financial and Healthcare Powers |
| Limitations and Safeguards | Legal Restrictions and ProtectionsPreventing Abuse of Power |
| Activation and When EPA Takes Effect | Conditions for ActivationTriggering Factors for Incapacity |
| Enduring Power of Attorney vs. Living Will | Key Differences and PurposesComplementary Documents for Comprehensive Planning |
| Registration and Record-Keeping | Importance of Proper DocumentationRegistering EPA with Relevant Authorities |
| Revoking or Amending an EPA | Circumstances for RevocationProcess for Making Changes |
| Conclusion | Recap of the Significance of EPAEncouragement for Proper Planning |
If a person dies without leaving a will and has no legal heirs, his estate (money, real estate, etc.) will go to the state
In the event that a person dies and did not leave behind a will, his estate (money, real estate, movable property, rights, etc.) will be divided among his heirs, according to the division rules set forth in the Law of Inheritance.
- If, according to the rules of distribution established by law, no heirs are found, the estate will pass to the state, and if after several years no heirs are found, the state will become the owner of the estate.
pay attention
- The state may use the estate only for the purposes of education, science, health and relief.
- Also, the state may grant money or property from the estate to a person or corporation who are not defined as heirs according to the law.
| Topic | Key Information |
| Inheritance Rules | – No will: Estate divided per law |
| – No heirs: Estate goes to the state | |
| State Ownership | – State uses assets for education, science, |
| of Estate | health, and relief |
| Management | – Managed by the Ministry of Justice |
management of the estate
- The general guardian division of the Ministry of Justice is responsible for managing the estate.
- After the expiration of the time specified in the law, in order to avoid a situation in which the assets will not have any owners, the estate passes to the ownership of the state.
- The law states that these assets must be used by the state for the purposes of education, science, health and relief.
- Also, the Minister of Finance may, at his discretion, grant or pay from the assets of the person who died, to one or more of these:
- To a person who, before the testator’s death, was dependent on the testator for his finances.
- To a person or corporation that the person who died, on the eve of his death, depended on for his finances.
- To a relative of the person who died or of his spouse, who does not belong to the list of heirs according to the law established by law.
dedication letter
The deed of endowment allows a person to designate his assets for the benefit of beneficiaries or some purpose, while he is alive
Registration of the endowment is free of charge
When a person wishes to designate assets in his possession for the benefit of a beneficiary or a group of beneficiaries, or for a specific purpose, he is given the legal option to do so.
- The endowment of the assets is done in a deed of endowment – if the endowment of the assets was made when the endowment was still alive (or in a will executed after his death).
- The endowment deed should specify the purpose of the endowment and its conditions, the beneficiary and the trustee who will be responsible for operating the endowment in accordance with its goals.
- The donor must sign the endowment deed in front of a notary.
- The district court has the authority to give instructions to the trustee regarding the fulfillment of his duties, or any other instruction related to the efficient management of the endowment.
- When endowment of assets is made for a public purpose, it is called a public endowment.
- On the website of the Ministry of Justice is published an information booklet and guidelines for the conduct of endowments.
| Topic | Key Information |
| Definition | – Dedicate assets for beneficiaries or purpose |
| Process | – Requires a deed of endowment |
| – Specifies purpose, trustee, and beneficiary | |
| Legal Authority | – District court gives trustee instructions |
| – Public endowment for public purposes |
A person can dedicate his assets (while alive or after his death) to a public purpose through a public endowment
A public endowment that enters into force must be registered with the registrar of endowments at the Ministry of Justice
Registration of the endowment is free of charge
The endowment of a person’s assets for a public purpose in areas such as culture, science, education, religion and charity is called “public endowment”.
- If the person wishes to dedicate his assets while he is alive, the dedication will be done by a deed of dedication.
- If the intention is to dedicate them after his death, the dedication will be written in a will (which is not an oral will).
- In the endowment, the purposes of the endowment, the identity of the beneficiary, and who is the trustee responsible for it must be written.
- The endowment registrar has the authority to order a report from the endowment trustee and supervise the endowment’s activities.
- A public endowment that enters into force must be registered with the registrar of endowments at the Ministry of Justice.
- On the website of the Ministry of Justice is published an information booklet and guidelines for the conduct of endowments.
example
- An educator who worked with at-risk youth decided that after his death, all of his possessions would be dedicated to a national association that takes care of at-risk youth.
- To ensure that his property will indeed be used for the purpose, he wrote in his will that he prepared the purpose of the public endowment, the name of the association and what property and funds he dedicates to the association.
- The man deposited his will with the lawyer who wrote the will for him.
- After his death and after the distribution of the property according to the will, the lawyer registered the endowment as a public endowment with the registrar of endowments at the Ministry of Justice, so that he could monitor the activities of the endowment and instruct the trustee who is responsible for the endowment to report on the actions.
| Topic | Key Information |
| Public Endowment | – Dedicate assets for public purposes |
| Registration | – Register with the Ministry of Justice |
| Purpose | – Areas like culture, science, education, |
| religion, and charity | |
| Oversight | – Endowment registrar supervises activities |
Public endowment registration
The documents required to register the endowment:
- Notification form and request for public endowment registration (original or copy)
- In case the endowment was created according to a deed of endowment or a trust agreement, the following documents must also be attached:
- Copy of deed
- Letters of consent of the trustees (original or copy)
- In case the endowment was created according to the provisions of a will, the following documents must also be attached:
- A copy of the will and the execution order
- A copy of the order appointing an estate manager in case there was an appointment
- A copy of the estate specification
- A copy of the final report of the estate manager
- In case there are real estate assets among the assets of the endowment, an extract from the land registry must also be attached
Reporting obligations of a public endowment trustee
Financial reporting:
- A trustee of a public endowment must submit to the registrar of endowments every year, by June 30, a financial report relating to the activity of the endowment (assets, liabilities, payments and receipts) in the year preceding the submission of the report.
- If the endowment’s annual revenue turnover exceeds NIS 80,000, a financial statement audited by a public endowment accountant must be submitted.
- If the annual income turnover of the endowment does not exceed NIS 80,000, a financial statement must be submitted according to one of the following two alternatives: a financial statement for a public endowment or a financial statement on the management of a GAMH fund (public endowment).
- For more details, see the website of the Ministry of Justice
Changing goals:
- Changing the purposes of a public endowment is subject to the trust terms stated in the endowment deed.
- A change of purpose that does not correspond to what is stated in the endowment deed, will be done by submitting an application to the district court by the endowment trustees, including the relevant parties and the reasons for the application.
- It is recommended to submit the draft application to the registrar of endowments in order to obtain his position, before referring to the district court.
- The district court may change or cancel a provision of the provisions of the deed of endowment, whether for reasons brought before it by the creator of the endowment, or because it considers that there has been a real change in the circumstances that justifies it.
- For more details, see the website of the Ministry of Justice
| Topic | Key Information |
| Required Documents | – Notification form for public endowment |
| – Copy of deed or trust agreement | |
| – Consent of trustees if applicable | |
| Reporting Obligations | – Annual financial report by June 30 |
| – Audited statement if income > NIS 80,000 | |
| – District court approval for purpose change |
Endowment cancellation and requests to close the endowment in the registry
- The creator of the endowment may withdraw from the creation of the endowment before it has been established.
- After the establishment of the endowment, the trustees of the endowment may request its closure from the register of endowments, if there are provisions in the deed of endowment regarding its termination, without going to court.
- If there are no instructions regarding its termination in the endowment deed, the endowment will be closed by submitting an application by the trustees to the district court, while Yerof the relevant parties, including the registrar of endowments.
Revoking a will
Any person who made a will may cancel it, at any time and for any reason
The will can be revoked by destroying it or in any of the ways in which a will can be made (details further down the page)
As a general rule, in the event that a person made more than one will, the later will cancels the previous one
If a person revokes a will and does not make a new will, the inheritance will be divided among his heirs according to the rules set forth in the Law of Inheritance
Any person, at any time and for any reason, may revoke a will he made.
- The will can only be revoked by the person who made it, in one of the following ways (details further down the page):
- Her destruction.
- Delivery of a cancellation notice, in any of the ways in which a will can be made.
- Drawing up a new will, which cancels the previous will.
| Topic | Key Information |
| Revocation Methods | – Destruction, notice, new will |
| Destruction | – Shredding, burning, or tearing the will |
| Notice | – Handwritten, witnessed, before an authority |
| Revocation Before Death | – Oral revocation for the terminally ill |
pay attention
If a person revoked a will and did not make a new will, the inheritance will be divided among his heirs according to the rules established in the law of inheritance.
The ways to revoke a will
Destruction of the will
- A person who destroyed a will he made, will be considered as someone who intended to cancel it.
- The destruction can be, among other things, through shredding, burning or tearing up the will.
- Delivery of a notice of cancellation in one of the ways to make a will
- A person who wishes to cancel a will that he made, can notify of its cancellation in one of the ways in which a will can be made (it is possible to give a cancellation notice in a different way than the way in which the will was made).
- Handwritten revocation – the person must draw up a handwritten document in which he announces the revocation of his will, together with a date and signature.
- Revocation in front of witnesses – the person must draw up a written document, along with the date, in which he declares that he is revoking the will he made. The person must declare and sign the document in the presence of two witnesses, who are required to sign the cancellation document.
- Revocation before an authority – the person must notify the revocation (orally or in writing) before one of the official bodies through which a will can also be drawn up: a judge, a registrar, a member of a religious court or the registrar for inheritance matters.
- Oral revocation – a person who is about to die (dying or terminally ill and who is unable to revoke the will in any other way) can announce orally, in front of two witnesses who understand his language, that he is revoking a will he made.
| Topic | Key Information |
| Introduction | – Explanation of Enduring Power of Attorney |
| Definition | – Purpose, differences from regular POA |
| Importance | – Benefits and reasons to have an EPA |
| Creation | – Legal requirements, selecting agent, powers |
| Activation | – Conditions and factors for EPA activation |
| Limitations | – Legal restrictions and safeguards |
example
- A person made a will in front of witnesses on March 14, 2002.
- On 05.20.2019, the person announced and declared, before the registrar of inheritance matters in his area of residence, that he revokes the will he made on 03.15.2002 and the will was revoked.
Drafting a new will
- As a general rule, if a person made more than one will, the last will he made will be valid and those made before it will be canceled, even if it is not stated in the new will that it cancels a previous will.
tip
In any case, it is recommended to note on a will the date it was made, so that it is possible to determine if it is the last will if necessary.
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