Managing an estate’s banking with a power of attorney

You can authorise another person to represent you or act on your behalf with a specified power of attorney. We recommend that you use our power of attorney template in matters related to an estate, as this will make it easier to manage the affairs of the estate and provide us with the information we need.  An estate cannot be managed with an open power of attorney. The authorised party may only take the measures for which all the parties to the estate have given their authorisation.

Power of attorney for managing an estate’s bankingpdf - Opens new window.

Send the power of attorney to us digitally via Nordea Mobile or Netbank or through Nordea Omaposti. Select “Estate documents” as the topic of your message.

The person authorised by the parties to the estate can begin to manage the estate’s affairs with Nordea once the administrator of the estate has been notified that the parties to the estate have been established and all the parties have provided a specified power of attorney. 

Actions that require authorisation from all the parties include:  

• dividing the cash funds between the parties to the estate 
• adding the estate’s account to a party’s Netbank 
• selling shares and fund units 
• emptying a safe deposit box 
• receiving a housing company share certificate held in custody in a collateral account  
• paying personal debts from the estate’s account 
• closing account agreements and other services

Once the estate inventory has been completed, it is easiest to do the estate’s banking with a power of attorney given to one representative by the parties to the estate.

The power of attorney given by the parties to the estate will become valid once:

• the estate inventory deed and its appendices have been delivered to Nordea 
• the parties to the estate have been established and the administrator of the estate has been notified of this 
• all parties to the estate have provided specified powers of attorney.

Please note that the person representing the estate must contact Nordea to add the estate’s accounts to their Netbank and to carry out transactions.

Send the power of attorney to us digitally via Nordea Mobile or Netbank or through www.nordea.fi/omaposti. Select “Estate documents” as the topic of your message.