Our lawyers can assist you in all cases pertaining to law of inheritance.
According to law, an estate inventory must be completed within three months of the death of a person who lived in Finland. The party to the estate who was taking care of the deceased person’s estate, which in practice most often means the deceased’s widow(er) or one of their children, is obligated to ensure that the estate inventory gets done. The party may become personally responsible for the estate’s debts (if any) if the estate inventory is not performed on time.
Once the estate inventory has been completed, the property of the spouses has been divided (if necessary) and the estate has been settled, distribution of the estate can take place. The distribution can occur in a specified format or, if the heirs are unable to agree on how the assets should be divided, an executor can be requested from the local District Court. In such a case, an objective executor named by the District Court will distribute the assets of the estate. A person cannot completely disinherit their heirs with a last will and testament; instead, direct heirs always have the right to receive their statutory portions of the inheritance. Only direct heirs, i.e. children of the deceased, may demand their statutory portions.
A last will and testament is a strictly ordained legal act made in case of death. The Code of Inheritance determines how a last will and testament must be drafted, and the format required by law must be followed for the last will and testament to be valid. A last will and testament is the only way a person can effectively determine what will happen to their assets after their death. You can easily draft a last will and testament in our online service.
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