Quite often it’s the parent or grandparent of a specific family that can reach their end and the children don’t seek to regulate the ownership rights of the properties and possessions left behind. This can happen because, with the demise of any person, it’s essential to take care of a procedure called inventory, in addition to covering any applicable transfer fees
Such procedures can be fulfilled via a judicial process before either a judicial or extrajudicial power, done directly at a registry office, being that both are required to be in the presence of a lawyer.
To complete the extrajudicial inventory, one should seek out a specialist lawyer who is capable of technical analysis in accordance with your requirements and needs, clarifying what is missing if the deceased had left behind a will, if all heirs agree with the process, in addition to various other details.
Judicial inventory should always be avoided since it’s much slower and ends up infinitely more expensive for the inheritors.
While not done the inventory / occupied property used by the heirs can devalue, since documentation is irregular and thus losing value on the eventual sale. Not admitting real estate financing or what is used for obtaining bank loans, beyond any risk of these heirs also passing away and the situation becoming constantly more serious – and so it’s therefore necessary to keep a second inventory.
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