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Inheritance Deed - Who is it for and what are the benefits
Commonly known as an “Inheritance Certificate,” an Inheritance Deed outlines the inheritance rights of the legitimate heirs and their respective inheritance shares, in accordance with applicable Indonesian laws and regulations. In the case of property ownership, this deed is generally used by foreign nationals (WNA) wishing to purchase property in Indonesia.
Because foreign nationals cannot directly own property in Indonesia, the only way to do so is through marriage to an Indonesian citizen (WNI). This allows the foreign national to purchase property in their spouse’s name.
A certificate of inheritance is very useful in managing this situation to separate the assets of the Indonesian spouse from the foreign spouse and avoid overlapping property ownership by the authorised parties.
Benefits of Planning an Inheritance Deed with LMI Consultancy
It is essential to understand and comply with the right terms and conditions associated with conducting an inheritance deed, including legal requirements, necessary documentation, professional fees, and estimated timelines. Consulting with professionals in the field can help ensure a smooth and successful inheritance transition in Indonesia.
By engaging in the Inheritance Deed Consultation Service from LMI Consultancy, our clients can benefit from legal expertise, proper documentation, a simplified process, and customised solutions.
Our expert teams are located across Jakarta & Bali, ready to assist you completely with a hassle-free Inheritance Deed process!
Steps to Apply for an Inheritance Deed in Indonesia
- Consult the assets you would like to include on the Deed.
- Our notary team will assist with drafting the Deed.
- Once finished, we will contact you to schedule to seal the Deed.
Frequently Asked Questions
An inheritance deed in Indonesia can be created by a notary public or a licensed legal consultant specialising in property and inheritance matters. They play a crucial role in ensuring the document’s legality and authenticity.
The time to complete the inheritance deed process can vary based on the complexity of the case, the number of heirs involved, and any potential legal challenges. Typically, it may take a few weeks to a few months to complete the entire process.
Yes, foreigners can inherit property in Indonesia through an inheritance deed. However, there are restrictions on foreigners owning certain types of properties, such as land with the “right-to-build” status (Hak Guna Bangunan/HGB) or land with “right-of-use” status (Hak Pakai). Foreign heirs must comply with the relevant property ownership laws and regulations.
Reliable inheritance legal consultants like LMI Consultancy provide valuable assistance in a variety of ways:
- Advising on the inheritance process and applicable regulations
- Draft and prepare Inheritance Deeds – Assist in the collection of necessary documents and proof of ownership
- Ensure fulfilment of legal formalities
- Register the inheritance deed with the relevant agencies
Need more information about Home Ownership Credit? Check out some of our guides!
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