Mortgage Guarantors & Default
What happens to a mortgage guarantor when the borrower defaults on the loan? Read about the true case…
Inheritance and Settling Debts
As we explained in our article about Wills in Israel, a person is entitled to write a will in which he leaves an inheritance from what was his, to anyone or any organization he so chooses. This is his last request and should be respected. But what if this person, the...Prenuptial Resulted in No Control & No Money
This is a true case, the names and personal details of the real people were changed to respect their privacy. Judy, a young Israeli, met her “true love” – Mark, an American living in Israel since he was a child. Judy was 23 and Mark was 30. In fact, Mark was...Credit Transactions
What is a “credit” transaction (“Iskat Credit”)? This is another example of a uniquely Israeli way of buying with a credit card. When purchasing any type of product in a store you may be asked by the seller if you prefer that the purchase be done by “credit”. Watch...Employment Termination
Employee Rights and Obligations As a new immigrant you should be aware that your rights and obligations as an employee are not always clear to both employer and employee. Therefore, I have written a brief list of subjects you should carefully go through before...Registering a Caution Note
More about Costs, Fees and Taxes When Purchasing Real Estate “He`arat Azhara” – Caution Note Registering a Caution Note is the first legal action after signing a purchase contract. It is generally, but not always, done in the Land Registration...Israeli Taxes
Taxes are a painful subject in Israel. It doesn`t matter what you do, you will always be paying lots of taxes. There are hundreds of different ways that the government collects taxes and often the government does so by calling the tax by a different name so you...Credit Cards and Lines of Credit
By law the bank does not have to give you any credit line. Credit lines are a result of your assets in the bank, your credibility with the bank, and even a bit of the impression that you make on the bank personnel. It is easier to receive a credit line for...National Insurance Institute Exemptions
Who is Exempted from Payment of Premiums? An unemployed new immigrant within 12 months following the date of immigration to Israel; A person aged 18 who has not yet been drafted and is unemployed, is exempt from payment for a period of up to 12 months provided...National Insurance Payments
National Insurance Institute (NII) – Who Must Pay and How Required to Pay Every resident of Israel aged 18 and over is obliged under law to be insured by National Insurance and to pay the National Insurance contributions, except for a housewife (a married woman...Liens & Attachments
What are Liens and Attachments? How they affect your life in Israel?
