The declaration of transmission of movable property establishes the rights of the heirs in the amounts deposited at a financial institution regarding:
Financial institutions shall remit these amounts, as applicable, to the liquidator or to the succession/estate.
At the end of his administration, the liquidator distributes the amounts received from these financial institutions to the heirs or beneficiaries.
The Civil Code of Quebec requires no formality for the declaration of transmission, but some financial institutions, according to their internal policies, may require that the affidavit attached to this document be signed before a commissioner for oaths, a notary or a lawyer. It is best to verify with the relevant institution if it has specific requirements as for the officer who shall attest the said affidavit.
Note that this service is not relevant for real estate property, which in this case will require a notarized declaration of transmission.
For more information, more complex situations or to simply obtain a declaration of transmission of an immovable property (real estate property), we invite you to contact .
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