Kuolinpesän

Kuolinpesä is a Finnish legal term referring to the estate of a deceased person. It encompasses all the assets and liabilities that the deceased owned at the time of their death. This includes tangible property such as real estate, vehicles, and personal belongings, as well as financial assets like bank accounts, investments, and debts.

Upon a person's death, their kuolinpesä comes into existence. The management and distribution of the kuolinpesä are governed by Finnish inheritance law. Typically, the heirs of the deceased are responsible for managing the estate. This process involves identifying and valuing all assets, settling any outstanding debts and taxes, and eventually distributing the remaining assets among the heirs according to legal provisions or the deceased's will.

The administration of a kuolinpesä can be a complex process. It often requires formal legal procedures, such as probate or a formal division of inheritance. The heirs may choose to appoint an executor or a lawyer to assist them in managing the estate. The goal is to ensure that the deceased's affairs are settled properly and that the inheritance is distributed fairly and legally to the rightful beneficiaries.