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Category: Inheritance

inheritance property division korea
Blog, Inheritance

Inheritance Property Division in Korea

October 8, 2024October 8, 2024Seoul Law GroupLeave a comment

Life is fleeting, yet property endures, and Someone must take possession of what remains. It is essential that ownership is promptly established to prevent instability in other legal relationships that may depend on the resolution of the estate. For example, if you
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Korean Inheritance by Representation System
Blog, Inheritance

The Korean Inheritance by Representation System

September 12, 2024January 29, 2025Seoul Law GroupLeave a comment

Can I, left alone, inherit my grandfather’s estate? My grandfather has passed away. According to Korean Civil Law, the primary heir is not me but my father, due to the proximity principle in lineage; a closer descendant typically inherit before those who
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Legal Reserve of Inheritance in Korea
Blog, Inheritance

Legal Reserve of Inheritance in Korea

June 2, 2022June 2, 2022Seoul Law Group2 Comments

My father left all his properties to my sibling, and left nothing to me. What can I do?  The answer is that you can claim your ‘legal reserve of inheritance.’ Let’s go over what, how much is the legal reserve, and how
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Share of Inheritance in korea
Blog, Inheritance

Share of Inheritance in South Korea

May 9, 2022May 9, 2022Seoul Law GroupLeave a comment

How much Korean inheritance can I receive? The followings are the answers to the question, sorted from the briefest to the most complicated.  The Simplest Answer The most simplified answer would be ‘equally.’ According to the Korean Civil Act Article 1009 (1),
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Share of Inheritance in korea
Blog, Inheritance

Renunciation of Inheritance in Korea

April 29, 2022May 9, 2022Seoul Law Group36 Comments

Can I renounce my inheritance? The answer is yes, but you must make a quick decision: the time limit is only 3 months.  First, why would you not want your inheritance in Korea? The reason might be simple. When you inherit a
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Inheritance By Representation In Korea
Blog, Inheritance

Inheritance By Representation In Korea

April 1, 2022May 9, 2022Seoul Law Group2 Comments

My grandparent in Korea passed away recently, but my parents had already passed away. Do I have the right to the inheritance? Simply saying, yes, you have the right to inheritance by representation. This article is an advanced explanation for the previous inheritance
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korean inheritance law
Blog, Inheritance

Korean Inheritance Law: Inheritance Priority & Right, Taxes and Lawyers

June 1, 2021April 19, 2024Seoul Law Group11 Comments

For most foreigners, the Korean inheritance law will not apply, but there are a few instances where it will. This article is here to give you a brief overview of what the Korean inheritance law covers and will help you navigate the
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