Akkas & Associates Law Firm is a globally recognized Turkish Inheritance law firm with a long record of excellence and professional leadership in Istanbul, Turkey. Our Turkish inheritance lawyers are prepared to handle your cases for inheritance law in Turkey.
Turkish inheritance law (Miras) is governed by Turkish Civil Code and aims to protect the extended family and imposes a reserved portion or statutory share for the benefit of the extended family. It is not possible for the entire property to go to the surviving husband or wife.
Inheritance Law in Turkey
Property and money left by the deceased are divided among close relatives as stated in the Civil Code. Persons with such rights of inheritance are called heirs (mirasçı).
The reserved portion which does not go to the surviving husband or wife is allocated as follows:
- The reserved portion and legal inheritance right of children is 75 percent of the legal portion
- If the deceased has no children, the reserved portion of the inheritance for the father and mother is 50 percent
- If the parents are deceased the reserved portion for siblings is 25 percent
If the deceased leaves some wealth to a charity or to a tax-exempted foundation, the reserved portion is two-thirds of the amounts above.
Legal heirs in Turkey are:
- The first heirs of a deceased person: the children and the wife/husband
- If the deceased has no children, the deceased’s parents are the heirs
- If the deceased’s parents are not alive, the deceased’s siblings
- The last of a deceased person’s heirs among his or her close relatives are the grandparents and their children
A testator may ban the legal heirs from acquiring their inheritance in exceptional circumstances, for example if a serious crime was committed. However, the testator must prove the reasons for this ban to the court. The banned heir cannot sue the testator.
Inheritance Tax in Turkey
Anyone inheriting in Turkey must pay inheritance tax (Veraset Vergisi); the inheritance tax limit is updated annually.
Valuables, which are transferred to Turkish citizens as gifts, donations, or inheritance either in Turkey or abroad, are subject to Turkey’s Inheritance and Property Transfer Tax law. A non-resident who acquires property as inheritance or gifts owned abroad by a Turkish citizen is not subject to this law. However, a foreigner who is resident in Turkey is subject to the law if they inherit property within Turkey.
Inheritance tax as it applies to foreigners in Turkey
There are two different situations to consider:
- A foreigner married to a Turkish citizen: Foreigners who have Turkish spouses are subject to Turkish law. A foreigner can freely dispose of a limited percentage of assets.
- A foreigner not married to a Turkish citizen: Foreigners are not subject to Turkey’s legislation, but to that of their country of origin.
Turkish Inheritance Litigation Lawyers
Our Turkish inheritance litigation lawyers are deeply committed to understanding a company’s business strategy, its industry and its regulatory environment. Our Turkish litigation lawyers & trial attorneys value this knowledge and use it as the foundation of a tactical litigation plan. We pursue litigation with a zealous, principled and pragmatic approach, always striving to align litigation strategy with our client’s goals. If skilled representation in the courtroom is the best course, we provide it. If a different route to resolution is required, we provide that.
The ultimate goal is to not just serve as an emergency asset, but a trusted business partner to help clients make common-sense decisions about their businesses.
When You Engage Akkas & Associates, You Mean Business
Bet-the-company litigation looks different to every size of organization, which means that a one-size-fits-all approach to litigation does not exist. For a large global organization, millions of Turkish Liras may be at stake; for a small, entrepreneurial company, a swipe at last year’s revenues could close doors. We are sensitive to these nuances. As skilled, experienced and creative trial lawyers, we handle business litigation of all sizes while keeping an eye on the efficiencies that keep legal services cost-effective.
We Provide Legal Solutions Proportionate to Your Needs
Teamwork, responsiveness and flexibility are not hollow buzzwords to us; they have stood as the core of our business since we opened our doors more than 25 years ago. Our lawyers are not rewarded for hoarding work. Instead, we reward excellence and collaboration. That helps us stand out from the crowd but, more importantly, helps us serve our clients with the most effective and efficient legal services possible. In fact, we have received multiple honors for our approach to client service.
Akkas & Associates Provides Top Tier Experience
The expertise and specialization of our attorneys and the forging of a team approach to problem solving enables us to address and meet your particular challenge with the application of the most appropriate talents and experience. We invite you to learn more about these practice areas; business & commercial law, criminal defense, foreign investment law, intellectual property law, litigation & trial practice, and tax law to meet our teams and attorneys who comprise them.
Reach our Turkish Inheritance Lawyers
Akkas & Associates is a solution-oriented law firm that empowers clients to meet the diverse and changing demands of today’s inheritance law. Since 1992, our lawyers have been helping clients’ complex legal challenges and maximize opportunities for success. Our law firm is now one of the leading Inheritance law firms in Istanbul, Turkey. You may reach us for Turkish Inheritance Lawyers through our Contact page.