For probate, two trustees are always needed to assess the assets and liabilities of the estate. The trustees must have sufficient capacity to assess estate of the deceased the value of the asset, which is then recorded in the register of deceased persons. This is a point that should be borne in mind when choosing the men who are to be your confidants.

There are no specific legal conditions for religious men. They must have legal capacity, but otherwise any person of legal age can act as a trustee.

The succession and the fiduciary's disqualification

There is no mention of the disqualification of trusted men in the legislation. Nevertheless, the recommendation is that it is prudent to ensure impartiality. If the trustees are chosen by the estate the shareholders, i.e. the heirs from the crowd, the risk of unbiased and self-serving behaviour by trusted men may increase.

Who can be a trusted man?

As a good rule of thumb, it is advisable to choose uninhibited persons from outside the estate and their immediate family as trustees. The selection of such external and impartial trustees is beneficial both to all the members of the estate and to the credibility of the deceased's will.

The ineligibility of a trusted man is not a ground for contesting the deed of succession afterwards. Therefore, it is worth paying sufficient attention to the choice beforehand.

Hiring a lawyer as a trustee is a sure way to guarantee the integrity and impartiality of the trustee's work.

The article was written by a specialist in inheritance law Tuula Rainto, lawyer. You can call him for a free 15-minute consultation. p. 010 299 5090

[avatar user=”amoslaki” size=”352″ align=”left” link=”https://amoslaki.fi/ajanvarauskalenteri/” target=”_blank” ]Attorney Tuula Rainto, Amos Attorneys at Law. You can always call her free of charge, tel.010 299 5090[/avatar]