Топ-100

General

Eugene

21.08.2019

What are the main aspects of inheritance right in Turkey?

Inheritance in Turkey is regulated by Turkish law. The legal heirs of the first stage are blood relatives (1st line of kinship), namely: the spouse (wife) and children. Adopted children have equal rights as natural children. Under the law of the civil code of the Republic of Turkey, there is a certain table of inheritance, where the articles of legal inheritance are stipulated, namely:

  1. If there is no spouse, the heirs of the Class-1 are the children of the deceased. When it comes to each of their shares, all children will have equal shares. In the absence of a spouse, children, grandchildren, and parents the inheritance is divided among other relatives according to the degree of kinship.
  2. Children born out of wedlock also have the right to inheritance on the same basis as legitimate children, provided that they are recognised by the parents.
  3. If the deceased has a spouse, then, in the absence of other heirs, all property passes to him (her). If there are other heirs, then the inheritance is distributed among all the heirs.
  4. Divorced spouses and brides (grooms) do not have the right to claim inheritance.
  5. Adopted children have the same rights as natural children.
  6. If the deceased has no heirs, all property goes to the state.

Inheritance of real estate in Turkey is executed under Turkish law and is regulated by the Principle of Reciprocity. Based on the decision of the Cabinet of Ministers of Turkey No. 2/13394 of 05/29/1940, the same rules apply to foreign citizens in Turkey as to Turkish citizens in other countries. To avoid inheritance issues under Turkish law, you can make a will during your lifetime. It is best to prepare a will with a Turkish notary. However, you can also write a will in any other country that participates in and observes the Hague Convention of 1961 and then certify this will with an Apostille.

There are several ways to prepare a will:

  • Written will (Yazılı Vasiyetname),
  • Oral will (Sözlü Vasiyetname),
  • Official will (Resmi Vasiyetname)

The most appropriate and common type of will is an official will, which is prepared under Turkish law by a notary.

The cost of a will varies and depends on several factors. The average fee for the preparation of a will is approximately 500 TL.

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Oleg

22.05.2019

Can I register property in my name or the name of my relatives?

Registration of TAPU in Turkey is possible for several people. You can register property in your relative or friend's name in any ratio of equity participation. The maximum number of property owners can reach up to 10 people. The number of owners does not affect the cost of registration. However, you should be aware that subsequent transactions with the property can only be conducted with the permission of all the owners listed in TAPU.

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Ludmila

15.05.2019

Can I get a loan from a Turkish bank?

Yes, today most foreign citizens can get a loan from a Turkish bank.

If you have chosen your dream home and all you have to do is sign the documents and pay the seller, but you do not have the required amount of money, our company will help you get a loan from any bank and prepares all the documents. After contacting a Turkish bank and agreeing on all the terms and conditions, you will need to fill out a form, then the bank's employees will begin the procedure for obtaining a loan, namely:

  • the bank sends an appraiser to the lending facility to assess the real estate
  • the bank will issue the result of the appraised value within 2-5 days
  • after the assessment, the bank issues a letter of guarantee to the borrower on the issuance of a loan
  • when you have a guarantee letter, you need to pay the bank fee for issuing a loan
List of required documents For individuals For businesses

Copy of the TAPU (Property Ownership Certificate) of the property being purchased

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Photocopy of a passport certified by a notary

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Salary certificate validated by the employer

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Bank account statement (no later than the last three months)

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Company accounting for the past two years. Photocopy of certificate of partnership (if applicable)

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Credit history from the bank

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Ownership documents in your home country

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All documents must be translated into Turkish.

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