A New Era in Inheritance Sharing: Family Reconciliation is at the Forefront

A New Era in Inheritance Sharing: Family Reconciliation is at the Forefront Inheritance sharing has been one of the issues that have caused the most disagreements within the family for many years. Especially in the case of real estate with shares, blockages could lead to years-long legal processes and damage to family ties. However, with the new regulation that has recently come into force, a practical and peaceful solution to these chronic problems has been opened. The Obligation of Equal Distribution Has Been Lifted According to the new regulation, it is no longer necessary to divide the inheritance equally. The heirs will be able to Decouple the transfer of the immovables between them by mutual agreement. This paves the way for a more fair and functional sharing by agreement, especially in cases where real estate cannot be divided equally due to its nature. For example, even if the value of two different immovables, one of which is a field and the other is an apartment in the city center, is not the same, the parties will be able to share according to their needs and preferences. The Notary Requirement has been Removed: The Processes are Accelerating One of the most noticeable changes is the abolition of the notary approval requirement. This change, in addition to reducing transaction costs, will seriously speed up the inheritance sharing process. Family members will be able to reflect the reconciliation they have reached between themselves directly to the Decalogue. This will be a great convenience, especially in rural areas or places where access to a notary is limited. New Rules for Share Deeds The new regulation also reshapes the practices related to share deeds. Now, the approval of all shareholders will be required for the sale of real estate with shares. This article aims to prevent unilateral sales or unauthorized transactions in inherited real estate. At the same time, it ensures the protection of the rights of all shareholders and the transparent execution of transactions. Transaction Period by Proxy Another important change is that shareholders can participate in the transactions in the title deed directly or through the lawyer they have given power of attorney. This is a great advantage for heirs who live abroad or cannot participate in transactions for reasons such as health, old age. Thanks to legal representation, it becomes easier to conduct the process safely. These regulations will have a direct impact not only on the legal system, but also on the real estate market. While the sale or evaluation of real estate with shares will become more transparent and secure, the reduction of domestic disputes will also make it easier to bring properties to the Sunday. We, as CEESS Global, believe that these legal changes will have positive consequences, especially for investors and land owners. Dec. If you are also looking for professional support in the process of sharing your inherited real estate, we are with you with our legal consulting and valuation services.

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