Inheritance Estate Form

What is the Inheritance Estate Form?

The Inheritance Estate Form is the step 2️⃣, according to our inheritance guide. The Form is prepared for the Department of Revenue by the heirs (through the attorney), to report the assets, accounts, vehicles and debts of the deceased.

The Form is required only when the value of the assets exceeds $15,000. It is required to obtain theIRSWaiver prior to transferring the assets to the heirs.

Necessary Documents

• According to Step 1️⃣ of our inheritance guide: Declaratoria de Herederos, or will.
• Certifications of account balances in 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.
• Proper preparation is crucial to avoid delays and additional costs.

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!
Fill out the Inheritance Evaluation Form for a free estimate.