Locating the assets
Heirs often know there was an account but not where. Through the succession, the court can ask financial institutions for information on accounts, deposits, safe-deposit boxes and investments held by the deceased.
How funds are released
- The court declares the heirs or approves the will.
- The court orders the transfer of the balances, either to the heirs or to an account of the succession.
- The bank processes the order. Each bank has its own internal requirements, which we follow up.
Securities and mutual funds
Shares listed on the stock exchange, government bonds and mutual fund units are transferred through the broker or the fund manager, on the basis of the court's order. The heirs choose whether to keep them or sell them.
A foreign heir may need an Argentine tax identification number and a local account to receive the funds. Moving them abroad depends on the foreign-exchange rules in force at that moment. We plan this from the start.
What we handle
- Court requests to banks, brokers and fund managers.
- Follow-up of each institution's internal procedure.
- Coordination of tax filings with an accountant.
References: CCCN, succession provisions; applicable Central Bank (BCRA) regulations. To be verified before publication.