Inheritance Transfer Transactions

Within the scope of Inheritance Law, certain procedures must be carried out for the assets, debts, and credits of a deceased person to be shared by their legal heirs. Inheritance transfer refers to the procedures that must be performed for the distribution of the inheritance. You can obtain information about the procedures you need to carry out within the scope of Inheritance Law by visiting the relevant online legal pages on the internet.

What is Inheritance Transfer?

Inheritance transfer is the process of transferring inherited assets to the heirs in the land registry. Following the death of the testator, an inheritance transfer must be initiated. For this, one of the legal heirs can handle all the procedures up to the tax office.

Procedures for Inheritance Transfer

First, the deceased person must be removed from the population registry for inheritance transfer. For this, the identity card must be submitted to the district population directorate with the death certificate within 10 days after the death. After the death, the heirs must document that they are heirs. For this, an inheritance certificate must be obtained. For this, one of the heirs must apply to the Court of Peace or a notary with their identity to obtain a certificate of heirship. After obtaining the inheritance certificate, it is necessary to go to the tax office and submit an inheritance declaration in accordance with the Tax Procedure Law. This notification must be made within a maximum of one month. However, this period can be extended by an additional 3 months within the scope of the Tax Procedure Law. Within the scope of the Tax Procedure Law, the heirs of the deceased must notify the death to the tax office by submitting an inheritance declaration within a maximum of 4 months. To clear debts at the tax office, an inheritance certificate, real estate declaration, death certificate, and the declaration form to be filled out at the tax office are required. In inheritance transfer, all real estate, movables, and other assets of the deceased person that constitute wealth (money in bank accounts, vehicles, stocks, etc.) must be declared. The inheritance transfer declaration can be made all at once or separately for each asset. As a result, the applicant heir will be given a document to be used in government offices. After these procedures are completed, applications are made to the relevant institutions for the transfer of the transferred assets to the heirs. You can visit online legal pages to get detailed information on the subject and to learn what you are curious about.