Inheritance Deed Planning

Property Legal Services

Inheritance Deed - Who is it for and what are the benefits

Also known as a “Surat Keterangan Waris” in Indonesian, the inheritance deed outlines the rightful beneficiaries and their respective shares in the inheritance as per the relevant laws and regulations in Indonesia. In property, this deed is mostly used for a foreigner who wants to purchase a property in Indonesia.

Since a foreign individual cannot own a property in Indonesia, the only way to possess one is when they are married to an Indonesian, so that they can buy a property using the name of their spouse.

The Inheritance Deed comes in handy when handling this matter to separate the assets of the spouse from the foreign individual.

Benefits of Planning Inheritance Deed with Lets Move Group

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 Lets Move Group, our clients can benefit from legal expertise, proper documentation, a simplified process, and customized 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

Who can create an inheritance deed in Indonesia?

An inheritance deed in Indonesia can be created by a notary public or a licensed legal consultant specializing in property and inheritance matters. They play a crucial role in ensuring the document’s legality and authenticity.

How long does it take to complete the inheritance deed process in Indonesia?

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.

Can a foreigner inherit property in Indonesia through an inheritance deed?

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.

How can a legal consultant assist with an inheritance deed in Indonesia?

Reliable inheritance legal consultants like Lets Move Group can 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

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Interest rate is 4.7% fixed for the first 3 years, after that, the rate will move to a floating rate (currently 11%)

Requirements

  • Permanent employee/self-employed for at least 1 year in the same company/total 2 years of work
  • Professional/Businessman working for at least 2 years in the same field
  • At least 18 years old or married

General Personal Requirements

  • Photocopy of husband’s / wife’s ID card (if married)
  • Photocopy of Family Card
  • Copy of Marriage Certificate (if married)
  • Photocopy of Tax ID Number of Applicant
  • Salary Slip / Certificate of Income for the last 1 month original
  • Photocopy of 3 months bank statements
  • Developer’s House Booking Letter / Broker’s Cover Letter

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