What is an Inheritance Contract – How to Prepare

What is an Inheritance Contract? How to Prepare?

The concept of an inheritance contract is a contract that the person who will leave an inheritance makes with a third person and is in the form of savings due to death. In order for the inheritance agreement to be considered valid, it must be drawn up in a formal way, such as a will. In other words, the inheritance contract must be signed in front of the official officer and together with two witnesses. Otherwise, the inheritance contract will not be legally binding. The scope of the inheritance contract should also be clearly stated in front of civil servants and witnesses.

The cancellation of the inheritance contract can be realized with the written agreement of the parties who have entered into the inheritance contract regarding the cancellation of the inheritance contract. For the persons who want to cancel the inheritance agreement unilaterally, the cancellation of the inheritance agreement can be made within the forms and conditions stipulated for wills in the law. If a person in the capacity of an heir appointed by the inheritance contract commits an act against a person who will leave an inheritance after the conclusion of the inheritance contract, which is the reason for exclusion from the inheritance, the person who left the inheritance can unilaterally cancel the inheritance contract.

One of the events that cause the disappearance of the inheritance contract is that the inheritance contract disappears spontaneously if the person who made the inheritance contract is not alive at the time of the death of the person who will leave the inheritance.

Heritage provides agreement between the person who has the right to request acts according to the terms in this act are not fulfilled in accordance with the agreement or assurance that are not covered by a specific event, has the right to cancel the agreement in accordance with the law of obligations.

You can read our articles and petition examples by clicking here.