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Foreign Property Ownership

Thursday, 07 August 2008
Written by Asep Wijaya
Read 7398 times
For Mixed-Marriage Couples in Indonesia Pre-word Foreigners are not allowed to own property in Indonesia. However, although foreigners will not be able to own freehold (Hak Milik) property, several Government Regulations issued in 1996 allow foreigners to hold a Right of Use (Hak Pakai) which valid for 25 years with the possibility of another 25 years extension. However, as the validity of a Right of Use title is limited to a certain period and it is not possible to a…

Postnuptial Agreements in Indonesia

Thursday, 07 August 2008
Written by Asep Wijaya
Read 7952 times
Foreword Postnuptial agreements, also known as post-marital agreements, are agreements entered into after a marriage has taken place. There are many reasons why a mixed-marriage couple might wish to draw-up a postnuptial agreement. Among others, a couple that did not sign a prenuptial agreement before marriage may later determine that they want to have some sort of financial plan in place in the event of death or divorce. Additionally, a major change in the financial circumstances of the couple, such…

Last Will and Testament in Indonesia

Thursday, 03 July 2008
Written by Asep Wijaya
Read 6642 times
Preword Will is the most common way for people to state their preferences about how their estates should be handled after their deaths. It is a legal document containing a statement of an individual’s wishes and intents to take effect following his death, and which can be revoked. Many people use their wills to express their deepest sentiments toward their loved ones. You can protect the people you love most, choose guardians for minor children, and make gifts to family,…

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