Declaration of succession: Who is involved?
The filing of the declaration of succession gives access to the payment of inheritance. If you are a recipient, you must subscribe to this joint statement.
What is a declaration of succession?
A declaration of succession allows the administration to know the amount of property left by the deceased and the identity of the different beneficiaries.
It consists of several forms to file within six months in the case of a death or in the 12 months following the death in all other cases.
It is from this statement that will calculate the amount of inheritance tax payable by all beneficiaries.
Who is subject to the filing of a declaration of succession?
In this type of case, all beneficiaries of the estate are required to file a declaration:
- The husband or wife of the deceased;
- Potential heirs, that is to say, the persons named as beneficiaries in the will;
- The donees who are the beneficiaries of a gift or donation from the deceased.
A joint statement can be made by an heir to all of them. However, legatees must each declare the content of their succession.
The presence of a notary is required only if there is real property and if the deceased has made a will or donations in his lifetime.
In some cases, the beneficiaries of the estate are exempt reporting:
- All property of the deceased, called gross estate assets has a value less than €3,000;
- Spouse and children of the deceased have no obligation to file a declaration of succession if the amount of personal property is less than €50,000 and if they have not received unknown gift or donation of the public services.