The parties to the estate decide on how to distribute the estate’s assets together
The estate’s assets with Nordea can be distributed once we have verified the parties to the estate from the estate inventory deed. This is called the establishment of the parties to the estate, and we will notify the estate administrator via SMS, Omaposti or by post once it has been completed.
If the deceased was married and the spouses didn’t have a prenuptial agreement excluding the marital right to property, the matrimonial property will be partitioned before the estate can be distributed. This is done to determine which part of the estate belongs to the widow(er) and which part to the heirs.
The parties to the estate decide on how to use and distribute the estate’s assets together. They may authorise one person to distribute the estate and manage the estate’s other banking affairs, such as closing services, with a specified power of attorney called Power of attorney for managing an estate´s banking at NordeaOpens new window. Please send this form to us digitally via Omaposti at nordea.fi/omaposti. Select “Estate matters” as the topic of the new message.
After the estate inventory is completed, you can do the following once all parties to the estate have provided powers of attorney:
- divide the cash funds between the parties to the estate
- sell shares or fund units
- close accounts
- empty a safe deposit box
get access to the deceased’s account statements for all the years prior to their death.