When navigating the legal landscape of inheritance in Turkey, foreign nationals and expatriates may encounter terminology that is unique to the Turkish legal framework.
One such term is veraset ilamında 3 pay, which directly translates to “three-share in the inheritance certificate”.
This concept may seem perplexing at first, but it is a fundamental element in the distribution of an estate among heirs under Turkish law.
In this blog post, we aim to elucidate the meaning of a three-share inheritance certificate and its implications for inheritors.
What is an Inheritance Certificate?
The inheritance certificate, known as veraset ilamı in Turkish, is a legal document that identifies the rightful heirs to a deceased person’s estate and outlines their respective shares.
This certificate is issued by Turkish civil courts and serves as a formal recognition of a person’s entitlement to inherit a portion of the deceased’s assets.
It is an essential step for the execution of the inheritance process, including the transfer of ownership for properties such as real estate, vehicles, and bank accounts.
Understanding the Three-Share Concept
The phrase “three-share in the inheritance certificate” pertains to how the deceased’s estate is divided among the heirs. In the Turkish legal system, the estate is often partitioned into fractional shares to accurately reflect each heir’s legal entitlement.
For example, if an estate is to be equally divided among three heirs, the inheritance certificate would indicate that each heir receives a “three-share” (veraset ilamında 3 pay) of the estate.
This phrase designates that the estate is to be split into three equal parts, with one part allocated to each heir.
How Is The Three-Share Apportioned?
The concept of apportioning inheritance in shares stems from the Civil Code of Turkey, which outlines a detailed approach to determining who inherits and in what proportion.
The distribution is affected by several factors, including the presence of a will, the number of surviving relatives in different degrees of kinship, and the existence of legally reserved portions for certain family members.
Once these elements are considered and the estate is assigned into fractional shares, heirs will receive their allocated portions as specified in the inheritance certificate.
Implications for Foreigners in Turkey
For foreigners with interests in the Turkish legal system, particularly those dealing with inheritance matters, understanding terms such as veraset ilamında 3 pay is crucial. It ensures that they are aware of their rights and obligations during the inheritance process.
Additionally, it is important for foreigners to seek legal advice from professionals versed in both Turkish law and the legal practices of their own country to avoid any complications. Bayraktar Attorneys, with its specialization in the Turkish legal system and a commitment to assisting foreigners, stands as a reliable source of guidance and legal expertise in navigating the complexities of inheritance law in Turkey.
