Inheritance Estate Form

What is the Inheritance Estate Form?

The Inheritance Estate Form is reported to the Department of Revenue by heirs to report assets, accounts, vehicles and debts. It is necessary only when the value of the assets exceeds $15,000, and is required to obtain theIRSWaiver and transfer the assets.

Necessary Documents

• Declaration of Heirs; or Will and Death Certificate
• Balance of funds certifications from financial institutions
• Title deeds of the real estate properties, or data from the Property Registry
• Negative certification from the Municipal Revenue Collection Center (CRIM).

Procedure and Deadlines

• It is recommended that a lawyer or accountant prepare it to avoid errors.
• Accurate preparation is crucial to avoid delays and additional costs.
• Must be submitted within 9 months of death to avoid possible fines.

Debts with the tax authorities and CRIM

• Tax exemption - Many estates are exempt, depending on their value and year of death.
• Outstanding debts - The Form may be submitted with debts, but it is not recommended.
• ConditionalWaiver - The Internal Revenue Service can issue it if there are debts, but with additional paperwork and costs.

💰 Avoid problems with Hacienda
We submit your Inheritance Estate Form correctly and without errors. Complete the Evaluation Form and we guide you through the process.