On a person's death, an inventory of the deceased's estate is to be made. This involves drawing up a document called a deed of inventory. The deed of inventory contains the distributees of the death estate, or heirs, beneficiaries under a will and, in many cases, the widow(er).
The deed of inventory is a list of the assets and liabilities of the deceased at the time of his death, while serving as a tax return for the purpose of inheritance tax. The deed also shows the assets and liabilities of any widow(er).
You need a variety of documents and evidence for an estate inventory. To begin with, a detailed extract from the population register applying to the deceased must be obtained. It is advisable to allow enough time to do this. If the deceased lived abroad during his lifetime, such an extract must also be obtained for his stay abroad.
Sufficient evidence of liabilities is also required. OP cooperative banks issue a customer status declaration of the deceased's all banking transactions with OP according to the status on the date of death. Before making an estate inventory, it is necessary to check whether the deceased had an effective postnuptial/prenuptial agreement, last will and testament or made donations or had a life insurance policy.
Your local OP cooperative bank will be pleased to execute an estate inventory for you. Contact your own bank well in advance before the deadline for the estate inventory expires. The bank will obtain the required evidence and documents and send invitations to estate inventory proceedings. It can also take care of services of will. After the estate inventory, the bank will also take charge of sending documents to the tax office within the stipulated time.