It is important to discover the inventory definition of succession to understand its exact meaning and importance. Sometimes it is better to do this so as not to collapse under the debts left by the deceased, to avoid misappropriation of hereditary patrimony and to limit conflicts.
What is an inventory of succession?
The purpose of the succession inventory is to assess the amount relating to the patrimony of the deceased. It allows you to define the amount of your movable and immovable property. Generally, making a request for an estate inventory is not a mandatory process. There are certain situations that require this to be accomplished. You are obliged to do so after affixing seals, in the event of judicial partition proceedings, in the event of a succession devolved to the State, if one of the interested parties requests special protection or in the event of acceptance up to the amount of the asset. net. The time allowed to submit your inventory request is two months. For an heir who wishes to carry out an inventory of the succession, deadlines are not imposed. But, the request must be filed within two months if he accepts the inheritance and if he agrees to settle all debts up to the amount of the inheritance
Diffrent types of inventories of succession
In general, there are 2 types of inventories. There is an inventory of furniture and an inventory of property constituting the estate. If an heir does not request an estate inventory, it shows that he is simply and purely accepting the estate and inheritance. However, it also requires him to commit to repay all debts left by the deceased. In case of acceptance up to the amount of net assets, if the heir accepts the inheritance and agrees to settle all debts up to the amount of the assets, it is mandatory to carry out the inventory. It is necessary to make a list of assets to be inherited and the list of debts. The estate inventory helps protect heirs. Likewise, this must be achieved if the successor thinks of accepting the inheritance up to the amount of the net assets.
How to make an inventory of succesion ?
An heir must send his request to the registry of the tribunal de grande instance. He can ask an auctioneer, a bailiff or a notary to carry out the inventory of the succession. The inventory must include the value of movable and immovable property, shares and securities, debts and money. Likewise, it must include debts, credits, loans and bequests. In addition, the inventory must indicate the quality and the list of successors. Subsequently, once the request is made, registration and publication must be carried out. Then the notary can start calculating and dividing the inheritance shares.