ESTATE LIQUIDATION FORM AND INVENTORY SPREADSHEET

Rendering of Account and Inventory

Article 1326  C.c.Q states:

an administrator bound to make an inventory shall include in it a faithful and exact enumeration of all the property entrusted to his administration or constituting the administered patrimony.

Such an inventory contains the following in particular:

(1)   the description of the immovables, and a description of the movables, with indication of their value and, in the case of a universality of movable property, sufficient identification of the universality;

(2)  a description of the currency in cash and other securities;

(3)  a listing of valuable documents.

It also contains a statement of liabilities and concludes with a recapitulation of assets and liabilities.

The inventory is made either by notarial act en minute, or by private writing before two witnesses. In the latter case, the author and the witnesses sign it and indicate the date and place of execution.

Please note that the liquidator must also produce an annual account (at least once a year) with an updated statement, if the settling of the estate takes longer than a year.

For information on providing an inventory or on filing an estate liquidation form you may download the following documents for your information.

If you are looking for a law firm with reasonable rates, quick and efficient turnaround time for your files and who provides personalized and effective follow-ups, call Schneider Attorneys at (514) 439-1322 ext. 112 or email us at info@schneideravocat.com

The above noted text should not be construed as providing legal advice or a statement of your claim. The process highlighted above are merely parameters and barometers and do not constitute any warranties and guaranties with regards to your file at hand. We strongly recommend that you seek legal advice with a licensed attorney from the Barreau du Quebec or a notary at the Chambre des Notaires. Each case must be seen and analysed on its merits as the legal process may be complex and cumbersome.

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