Shamir’s Secret Sharing (SSS) is a cryptographic method that enables a single secret to be divided into multiple shares, such that the secret can only be reconstructed when a pre-determined number of shares are brought together. The aim in inheritance planning is to prevent the seed phrase or the key information required to decrypt it...
In the context of divorce and the liquidation of the matrimonial property regime, the fact that a crypto-asset is held in the name of one of the spouses on an exchange or in a personal wallet does not imply that the other spouse holds a direct right in rem over that asset. However, if the...
Technical framework: How does a 2/3 multisig work? A multisig wallet is a system that, rather than requiring a single private key to authorise a transfer, ensures that a specified threshold number of private keys are used. In the 2/3 multisig model, there are three separate signature keys; for a transaction to be executed, valid...
There is no question of a crypto asset held in a cold wallet ceasing to exist in legal terms upon the death of the testator. The asset remains registered at addresses on the blockchain. However, from the perspective of inheritance law, two distinct elements must be distinguished from one another: The crypto asset itself, The...
The private key or seed phrase must not be written in plain text within the will. The main reason for this is that the will becomes accessible to certain individuals and authorities following the testator’s death, whereas the private key must be kept secret in accordance with the security model. Anyone who knows the private...
What is acquisition of immovable property by inheritance? Legal limits for foreigners How are title deed transactions performed? Rejection of inheritance and possibility of liquidation Relationship with citizenship Application considerations It is possible for foreigners to acquire immovable property in Turkey through inheritance; however, in this process, both the inheritance law and the restrictions on...
Inheritance is the transfer of the assets (estate) left behind by a person upon his/her death to his/her legal or appointed heirs. Inheritance does not only consist of assets such as goods, property and money; it also includes the debts of the heir (liabilities). In some cases, the debts of the heir may be more...
Inheritance law is the branch of law that regulates to whom and in what proportions the assets (inheritance) left behind by a person upon his/her death shall pass. The division of inheritance is made according to the will (will or inheritance contract) of the deceased person (heir) or according to the provisions of the law....
Tax obligations arise during the transfer or assignment of inheritance. Therefore, tax issues have an important place in inheritance law. In Turkey, tax regulations regarding inheritance law are determined by various legal regulations such as the Tax Procedure Law and the Turkish Civil Code. During the transfer or conveyance of an inheritance, the tax liabilities...
Inheritance law is a field related to the distribution of the assets of the deceased. However, in inheritance law, there are not only sharing, but also some procedural rules on how this sharing will be done. These procedural rules are put in place to prevent disputes between heirs and to ensure that the inheritance is...
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