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Inheritance law is a branch of law that deals with how, in the event of a person’s death or loss, the active and passive assets of the deceased shall be transferred to those entitled to acquire that inheritance. The person who leaves the estate and dies is the one who inherits it. Those who have the right to inherit are called heirs. In the event of the death of the legator, it is distributed to the heirs according to the inheritance apportionment system in the Turkish Civil Code. In other words, the inheritance should be divided according to the division system adopted in the Turkish Civil Code for the allocation of the inheritance.
How Inheritance Law Works?
The division system works according to the situation of the child, the parents or the spouse of the inheritor. Also, the appointed heir is the heir who has the right to be the heir at the will of the inheritor, although he is not legally the heir of the inheritor.
Those who have the right to inherit are called heirs. In the event of the death of the legator, it is distributed to the heirs according to the inheritance apportionment system in the Turkish Civil Code.
Obligations of The Heir
In the death of the legator estate such as house, car, land, other than the accumulated money can be found in the bank. In this case, the heir is required to obtain from the court determination of heirship called the probate warrant that he is the heir.
The shares of the heirs are also included in the probate. Inheritance and transfer tax return must be submitted to the Tax Court within 4 months from the date of death. In addition, the banks demand documents indicating that the heirs have paid the inheritance and transfer tax. If that document is not delivered, the bank itself could make an interruption.