Inventory and Asset Valuation: The First Formal Step in the Succession Process
The methodical inventory process is essential for correct management.
After a death, one of the most important and mandatory legal steps is the preparation of the succession inventory. This is not just a simple list, but a legal document with evidentiary value, which forms the basis of the entire distribution process.
What Does a Complete Inventory Include?
The inventory must capture all assets and liabilities of the deceased at the date of death. This includes not only obvious real estate properties (houses, land, apartments), but also:
- Valuable movable assets (vehicles, jewelry, works of art).
- Bank accounts, deposits, and financial investments.
- Intellectual property rights (if applicable).
- Receivables and other rights to collect.
- All obligations and debts to third parties or institutions.
Important note: The intentional or unintentional omission of an asset from the inventory can lead to the subsequent annulment of the distribution deeds and to costly legal disputes among heirs.
The Role of Expertise in Valuation
After identification, the critical stage of valuation follows. The value assigned to each asset will determine each heir's share and any taxes to be paid. For complex assets (land with special designations, businesses, collectibles) a specialized valuation performed by authorized appraisers is recommended.
Filing and Legal Effects
The prepared inventory is filed with the notary handling the succession. From the moment of filing, the legal deadlines
Our administrative services can assist you in organizing the necessary documents, coordinating with appraisers, and preparing the draft inventory to present a complete file to the notary, saving time and reducing the risk of errors.