Taiwan's Legislative Yuan passed the amendment to Article 1223 of the Civil Code today (27th), officially eliminating the provision for the 'reserved share of siblings.' Henceforth, if a deceased person has made a valid will clearly allocating their estate, siblings will no longer be entitled to a fixed statutory portion of the inheritance.
In response, the Taiwan Will Association posted a statement on Facebook. The association's理事长 (Chairman), attorney Liu Wei-De, witnessed the third-reading passage of the amendment at the Legislative Yuan. The deletion of Paragraph 4, Article 1223 of the Civil Code's inheritance section—specifically the 'reserved share for siblings'—has now been formally enacted. The amendment is expected to take effect six months after promulgation by the President.
The Taiwan Will Association emphasized that this is not merely the removal of a legal clause but a significant milestone in Taiwan's inheritance law history. An outdated system that has burdened Taiwanese society for nearly a century is now officially being retired. From today onward, over ten million single individuals, elderly living alone, and DINK (Double Income, No Kids) couples across Taiwan have officially gained full autonomy over their assets.
The association urges the public to make the most of the six-month 'transition period' between the law's promulgation and enforcement. It advises individuals to review their existing wills now. Those who previously drafted wills to circumvent reserved shares should reassess them and, if necessary, rewrite their wills to fully reflect their true intentions. For those who have not yet made a will, the association stresses the importance of creating one promptly to prevent future regrets and family disputes.
More exclusive reports from Feng Media: · No need to divide inheritance with siblings if a will is made – Legislative Yuan passes amendment eliminating 'siblings' reserved share' in third reading
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- Source: PR Times
- Category: News