[Legal Tips from Korean Lawyers] My parent passed away. What do I have to do? (Inheritance)
.png)
When parents, siblings, or other family members pass away, inheritance occurs regarding the deceased family member's assets. The person who inherits the assets becomes an "heir" and inherits the assets of the deceased ("the decedent") as inheritance property. Inheritance begins at the time of the decedent's death. Although inheritance technically occurs at the time of the parent's passing, you cannot yet dispose of the inherited property because the specific details of the inheritance have not been determined, and administrative procedures have not been completed. As explained below, you can only actually dispose of the inherited property once the details of the inheritance are finalized, the administrative process is completed, and the necessary documentation (e.g., registration of real estate) is processed. Below, I will briefly outline the overall process of inheritance. First, you need to confirm who the heirs are. Heirs are determined by civil...