Estate inventory and estate inventory deed

Identifying the parties to the estate

If a customer of ours passes away, we must find out who the parties to their estate are before we can release their funds. We use the estate inventory deed and other documents on the estate’s state of affairs (such as the will) to identify the parties to the estate. The length of time this takes may vary. We will contact you for further information if it remains unclear who the parties are based on the documents submitted.

The Digital and Population Data Services Agency can confirm upon request that the correct persons have been named as the parties to the estate in the estate inventory deed. In some cases, requesting this confirmation may make it easier for you to manage the estate’s affairs. 

For more information, visit the Digital and Population Data Service Agency's websiteOpens new window.

Once we have established the parties to the estate, we will notify the estate administrator of this via SMS, Omaposti or by post. The parties to the estate can then collectively decide what to do with the assets in the estate’s accounts, book-entry account or fund portfolio with Nordea. They will also be able to transfer equities and fund units to themselves.

Read more about selling and transferring equities or fund units

How to report the assets and debts of the estate

An estate inventory is conducted to report the assets and debts of the estate and to identify the heirs and beneficiaries for the purposes of estate distribution and inheritance taxation. An estate inventory deed of the deceased’s assets and debts must be drawn up within three months of the death.

The values of Finnish fund units in the estate distribution agreement are rounded to four decimals.

Any assets left to the heirs or beneficiaries are subject to tax. For more information about drawing up an estate inventory deed, please visit the Tax Administration’s websiteOpens new window.

We will automatically send information about the deceased’s accounts and loans with Nordea to their last known address within two weeks. The balance statements can’t be sent to an address in a care home.

Delivery of the estate inventory deed to Nordea

If a customer of ours passes away, we must find out who the parties to their estate are before we can release their funds. We use the estate inventory deed and its appendices to identify the parties to the estate.

If the Digital and Population Data Services Agency has not confirmed the parties to the estate, you may need to provide us with other documents so that we can identify the parties. The documents that are needed and the length of time this takes vary from one case to another. We will contact you if we need any additional information from you. Once the details of the estate inventory deed have been recorded, we will notify the estate administrator of this. 

For more information, visit the Digital and Population Data Services Agency’s website
Opens new window

Please send us a report on the deceased’s family relationships, the estate inventory deed and its appendices as well as the deed of distribution digitally at nordea.fi/omaposti. If you are a Nordea customer, you can also send the documents to us via Netbank. Log in to Netbank and select Help > Send documents > Estate documents.

Alternatively, you can send copies of the documents by post to the address below. Remember to include the name, phone number and address of a contact person.

Nordea Bank Oyj
Operations Finland / Estates
5001230-2101
00006 VASTAUSLÄHETYS

You will also need to submit a copy of the estate inventory deed and its appendices to the Tax Administration within one month of the estate inventory proceedings. For more information, please visit the Tax Administration’s websiteOpens new window.