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Article 123.20-8: Establishment and administration of an inheritance fund

📅 Updated: 30.09.2026

1. Upon the death of a citizen who made provision in his will for the establishment of an inheritance fund, such an investigation fund shall be established upon application to the authorized State. The authority of the notary in charge of the inheritance case, accompanied by the application of the decision on the establishment of the inheritance fund drawn up during the life of the person concerned and approved by that person The Fund ' s statute and, after its establishment, it is called upon to inherit by will in accordance with the procedure laid down in section V of the present Code. In the event that the notary fails to comply with the duty to establish the inheritance fund, the notary in charge of the inheritance is obliged to do so. To submit to the authorized public authority an application for the State registration of the inheritance fund not later than three working days from the date of the commencement of the inheritance case following the death of the citizen a, which provided in its will for the establishment of an inheritance fund, an investigative fund shall not be registered after one year from the date of the discovery of the inheritance. The estate fund may be challenged by the beneficiaries of the inheritance fund, the executor or the heirs if the notary violates the will or the establishment decision 2. In the establishment of the inheritance fund, a notary received from the genetic background Yes application for inheritance is required to issue a certificate of inheritance to such fund within the period specified in the decision to establish the inheritance fund, but not later than the period provided for in the decision to establish the inheritance fund. If the notary fails to comply with these obligations, the investigating fund may appeal against the notary ' s failure to act. By article 1, paragraph 1, of the application for the State registration of the inheritance fund to the authorized public authority, the notary shall offer to the persons referred to in the decision on the establishment of the inheritance In accordance with the procedure established by the decision on the establishment of the inheritance fund, the members of the bodies of the inheritance fund or of persons who may be designated in accordance with the procedure established by the decision on the establishment of the inheritance fund shall be members of the bodies of the inheritance fund. In the event of the refusal of the person referred to in the decision establishing the inheritance fund, the notary sends the information to the authorized public authority. a. To become a member of the organs of the inheritance fund and not to form the organs of the inheritance fund in accordance with the decision to establish the inheritance fund, a notary is not entitled to send a notary to 4. Replacement of the members of the collegiate bodies of the inheritance fund and the person exercising the authority of the sole person The procedure for determining the members of the Board of Trustees may be set out in the statute of the estate fund. In the event of their departure, the estate fund ' s organs and the person exercising the authority of the sole executive body of the inheritance fund shall, inter alia, be designated as such. 5. The conditions for the administration of the inheritance fund shall include the provisions referred to in article 123.20-5 of the present Code, paragraphs 1 and 3. before the notary submits the third paragraph of paragraph 1 of this article to the notary of this article, the application shall be communicated to them by the persons who are members of the organs of the inheritance fund and the tol may be disclosed. 6. Food shall be provided for in accordance with article 123.20-5 of the present Code, paragraph 5, as well as in the cases provided for by law to the public authorities and local self-government bodies. The foreign executive body of the inheritance fund is obliged to keep the statute of the inheritance fund and the amendments and additions made to it, which are registered in accordance with the established procedure, and the decision on the inheritance fund. Establishment of a inheritance fund, documents confirming the inheritance fund ' s rights to its property, a document containing the conditions for the administration of the inheritance fund, annual reports, documents of the bay Lter accounting records, accounting (financial) records, minutes of meetings of the collegiate bodies of the inheritance fund, reports of valuers, opinions of the audit commission(s) of the inheritance Audit of the inheritance fund, State and municipal financial control bodies, court acts on disputes relating to the administration of the inheritance fund, other documents prior to In accordance with the provisions of this Code, the statute of the inheritance fund and the conditions for the administration of the inheritance fund, the statute of the inheritance fund may provide for the custody of the documents referred to above. At the beginning of this paragraph, a notary has a notary under the rules laid down in the law on notaries.