The inheritance shall be distributed equally among the living relatives belonging to the highest rank. There are six ranks of heirs: First: descendants; Second: parents and siblings; Third: ascendants; Fourth: collaterals; Fifth: spouse; Sixth: The State.
There is a legal reserve on behalf of the children and parents of the deceased. This legal reserve is 50% of the patrimony if the deceased leaves one surviving child or one or both parents, and 66% if there are two children and 75% if there are three or more.
Since the year 2004 the inheritance tax is 3% on the value of the state after the corresponding deductions have been made.
There are certain procedures to be followed to finalize the process, depending on the type of asset.
For further information
contact Helen Azouri: hazouri@fgasoc.com.do
