If you're a foreigner living or owning property in Turkey, it's important to understand the country's inheritance laws to ensure that your assets are distributed according to your wishes. Here's an overview of Turkish inheritance law for foreigners.
In Turkey, inheritance is regulated by the Turkish Civil Code, which applies to all individuals, regardless of their nationality. The law recognizes two types of heirs: statutory heirs and designated heirs.
Statutory heirs include the deceased's spouse, children, parents, and siblings. They are entitled to a portion of the deceased's estate, with the share depending on their relationship to the deceased.
Designated heirs are individuals who have been named as beneficiaries in the deceased's will. The will must be prepared and executed according to Turkish law, and it must be written in Turkish.
If the deceased does not leave a valid will, their assets will be distributed according to the rules of intestate succession, which are based on the relationship of the statutory heirs to the deceased.
Foreigners who own property in Turkey can also be subject to Turkish inheritance tax, which is levied on the value of the deceased's assets located in Turkey. The tax rates range from 1% to 10%, depending on the value of the estate.
It's important to note that Turkish inheritance law can be complex, especially for foreigners who are not familiar with the language and legal system. That's why it's advisable to seek legal guidance from experienced professionals who can help you understand the law and its implications for your situation.
At Gulseven Law, we have a team of experienced attorneys who can assist you with all aspects of Turkish inheritance law, including drafting a valid will, navigating intestate succession rules, and minimizing your tax liability. We can provide you with the legal guidance and representation you need to ensure that your assets are distributed according to your wishes.
If you need legal assistance with Turkish inheritance law, contact us today to schedule a consultation. We're here to help you navigate the complexities of Turkish inheritance law and achieve a favorable outcome for your case.
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