Inheritance in Germany Reaches Record Highs While Planning Remains Neglected

A new study reveals rising inheritance values but highlights widespread reluctance to address estate planning and potential family conflicts.

In 2023, inheritances and gifts in Germany reached a record €121.5 billion, a nearly 20% increase from the previous year, with actual totals likely higher due to tax exemptions.
Despite the growing importance of inheritances, only 35% of potential benefactors have created a will, with the average age for drafting one rising to 58 years.
Two-thirds of Germans are uncomfortable discussing inheritance, often postponing conversations until major life events like illness or death in the family occur.
A significant portion of inheritances is expected to exceed €250,000, with 34% of future heirs anticipating such amounts, up from 22% in 2018.
Most Germans overlook planning for digital estates, with only 4% making arrangements for online accounts and data access for their heirs.