Iran’s estate law is a complex subject that requires the knowledge and expertise of experienced Estate lawyers in Iran. MJK Law Firm specializes in various areas of law, including estate planning and administration.
Estate planning is the process of arranging and distributing one’s assets after death in accordance with their wishes. One of the primary reasons for individuals to engage in estate planning is to minimize taxes that may be applicable to the transfer of their assets upon death. Iranian inheritance tax laws differ depending on the type of relationship between the deceased and the beneficiary.
Another reason for using MJK Law Firm’s services in Iran is to avoid the complexities of probate. Probate is the judicial process by which a court validates a will and supervises the distribution of assets. Probate can be time-consuming and expensive, especially when there are disputes among beneficiaries or challenges to the validity of the will. By engaging in estate planning, individuals can help their beneficiaries avoid probate and distribute assets more efficiently.
MJK Law Firm provides comprehensive estate planning services to its clients, including drafting wills, creating trusts, and establishing powers of attorney. The firm’s attorneys work closely with each client to understand their unique needs and goals and develop customized solutions accordingly. Additionally, MJK Law Firm can assist clients with probate administration, advising them on the legal requirements and navigating the process on their behalf.
Laws governing Estate planning
One critical aspect of estate planning in Iran is understanding the country’s inheritance laws. Iranian law governs the distribution of assets upon death and can differ significantly from other countries” laws. These rules are discussed in the Civil Code.
If the deceased person has a wife, first of all, the share of the wife’s inheritance is equal to one-eighth of the separated property, and the rest is divided among the children. If he died and had only one daughter or son, all the property would go to his child. But if he has several sons and daughters, the sons inherit twice as much.
If the deceased’s parents are alive, the father inherits one-sixth of the property, and if the deceased has a daughter, the daughter’s share is half of the property.
According to Article 909 of the Inheritance section of the Civil Code of Iran, if the deceased has several daughters besides his parents, two-thirds of his assets are divided among his daughters.
If the children are alive, the grandchildren will not inherit, but if the children are not alive, the grandchildren will inherit as successors of the children.
According to Article 911 of the Inheritance Law in Iran, descendants inherit according to their generation.
Inheritance Classes
People who are considered heirs and have a share of the inheritance, inherit by blood, or by marriage.
According to the Civil Code, relative heirs are classified and their share of inheritance also follows these classes. Relative heirs have three classes, and each class has different degrees. The people of the first class prevent the inheritance of other classes.
Matrimonial heirs: people who are related to the deceased through marriage.
Relative heirs: people who are blood-related to the deceased.
The first class of relative heirs: father, mother, child: the presence of these people prevents the other degrees of the first class from inheriting.
Grandchildren: the second degree of the first class, who would replace them in the event of the death of their parents.
The second class of relative heirs: ancestors and siblings: these people inherit if the people of the first class are not alive.
Ancestor’s parents: These people are in the second degree of the second class and inherit under the condition that the first degree of the second class and the first class are not alive.
The third class of relative heirs: uncles, aunts, aunts, and uncles, and in the second degree, their children.
The inheritance that is given to a person from marriage is not among the classes of inheritance. Because no heir can prevent husband and wife from inheriting from each other.
Estate Lawyer in Iran for Inheritance tax
Another critical aspect of estate planning in Iran is taxation. Inheritance tax rates in Iran can vary depending on the relationship between the deceased and the beneficiary.
Therefore, MJK Law Firm advises its clients on the most tax-efficient way to transfer assets and minimize tax liabilities.
In addition to traditional estate planning, MJK Law Firm also provides services related to real estate planning. Iran’s complex real estate laws can create challenges for property owners looking to transfer assets upon death. The firm’s Estate Lawyers in Iran help clients navigate these laws and develop customized solutions that meet their unique needs.
For instance, MJK Law Firm can assist clients with establishing “Solh” for real estate holdings, which can help avoid probate and reduce tax liabilities. Additionally, the firm can advise clients on the legal requirements for transferring property ownership and assist with drafting and registering deeds and other relevant documents.
Estate Lawyer in Iran for Inheritance Disputes
MJK Law Firm’s Estate Lawyers also have experience in handling disputes related to estates and real estate holdings. They can assist clients with resolving conflicts amicably through mediation or arbitration or represent them in court proceedings When necessary.
Conclusion
Overall, estate planning and administration in Iran require the expertise of experienced lawyers who understand the country’s complex legal system. Contact MJK Law Firm for a full range of estate planning services, including wills, trusts, Solh, and powers of attorney, as well as real estate planning and administration.