Once your estate bank account and/or estate investment account have been set up, you can repatriate final inventory items such as bank accounts or investment accounts (held by the deceased) to those estate accounts.
To perform repatriations (transfers), navigate into the Current Inventory and find the deceased held accounts that you wish to repatriate over to estate held accounts:
- The deceased accounts will remain in the current inventory until they are transferred/repatriated to the estate accounts
- Clicking on “Transfer” on the bank account will transfer the funds into the Estate Bank Account
- Clicking “Repatriate” on the investment account will move the holdings into the Estate Investment Account
- Note: the deceased accounts will still appear in the FINAL INVENTORY for historical reasons (report generation)
If any new assets or liabilities are obtained by the estate that did not exist at the date of death, users must go to the CURRENT INVENTORY section to add them. The steps are exactly the same however the items will not be factored into the estate date of death calculation.