Vruchtgebruik Van de Langstlevende Echtgenoot (Usufruct of the Surviving Spouse)

VEREFFENING VAN DE NALATENSCHAP, pp. 37-80, W. Pintens, ed., Intersentia, 2007

23 Pages Posted: 9 Oct 2011

See all articles by Alain Laurent Verbeke

Alain Laurent Verbeke

KU Leuven - Faculty of Law; Harvard Law School; KU Leuven - Faculty of Psychology; Tilburg Law School; Catholic University of Portugal (UCP) - Católica Global School of Law; Greenille Private Client Team @ Deloitte Legal - Lawyers

Date Written: October 5, 2007

Abstract

Analyzing the usufruct of the surviving spouse under Belgian inheritance law, with special attention to the possibilities for conversion of usufruct into capital and arguing how such conversion should be made. The article explains that conversion methods resulting in a higher value of usufruct and nude property than the total value of full property, erroneously ignore the fact that the usufruct valued in a conversion transaction is not a usufruct in going concern, but merely a usufruct that is coming to an end.

To the extent that the judge would be of the opinion that such value of usufruct would endanger the living standard of the surviving spouse, the correct response is not to over-value the usufruct, but rather to reject the request for conversion of the usufruct and keep the usufruct into existence to the benefit of the surviving spouse.

Note: Downloadable document is in Dutch.

Keywords: Inheritance law, Usufruct, Valuation, Capitalization, Conversion

JEL Classification: K11, K12

Suggested Citation

Verbeke, Alain Laurent P. G., Vruchtgebruik Van de Langstlevende Echtgenoot (Usufruct of the Surviving Spouse) (October 5, 2007). VEREFFENING VAN DE NALATENSCHAP, pp. 37-80, W. Pintens, ed., Intersentia, 2007. Available at SSRN: https://ssrn.com/abstract=1939068

Alain Laurent P. G. Verbeke (Contact Author)

KU Leuven - Faculty of Law ( email )

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Tilburg Law School

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Catholic University of Portugal (UCP) - Católica Global School of Law

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Portugal
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