estate
August 9, 2009 | 35,00 EUR | answered by Andreas Scholz
The testatrix passed away in March 2007.
Bank balances were left behind.
The certificate of inheritance could only be granted by the probate court in July 2009.
The exact date of distribution is still uncertain due to lack of agreement.
QUESTION:
Do the heirs receive their share plus interest from the date of death until the distribution date?
Or is only the balance as of the date of death distributed?
The balance includes interest up to the date of death.
Dear inquirer,
the account is still held by the bank. Therefore, the amount is still accruing interest. As a result, the sum, including interest, will be included in the estate.
With the passing of the account holder, the heirs have entered into the contract with the bank. They can cancel the account by presenting the certificate of inheritance.
The amount will continue to accrue interest as long as it is not cancelled by the heirs.
I hope this information is helpful to you. If you have any further questions, please feel free to ask.
Best regards,
Andreas Scholz, Esq.
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