Checklist for parties to the estate
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1
Estate inventory meeting and authorisation
The estate inventory must be completed within 3 months of the date of death. The deed of estate inventory is compiled in the estate inventory meeting. The deed must be sent to the Tax Administration so that it arrives no later than 1 month after the meeting.
It is recommended that the power of attorney required by the Tax Administration is prepared at the estate inventory meeting, if possible.
Read more about the estate inventory
An e-authorisation makes it easier for the agent to manage the estate’s taxes
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2
Inheritance tax
The Tax Administration sends the inheritance tax decision to each inheritor and to the authorised agent. Instructions for paying the tax are enclosed with the decision. If there is no inheritance tax to be paid, we will send the decision only to the estate’s contact person.
Each inheritor is personally responsible for their inheritance tax and for any tax responsibilities related to their share of the inheritance.
Read more about the decision on inheritance taxes
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3
Tax matters of an estate
The parties to the estate, i.e. the inheritors, are jointly responsible for any tax matters that the deceased person would have been responsible for when they were alive.
Managing the taxes of an estate
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4
Distribution of inheritance and the dissolution of the estate
The estate of a deceased person ceases to exist after the assets belonging to the estate have been distributed and a copy of the deed of distribution has been sent to the Tax Administration.
Read more about the distribution of inheritance and the dissolution of the estate
