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Wednesday 19.09.2018 | Name days: Verners, Muntis
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Find out about interesting documents – proof a person is alive and others

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUHope purchase agreement, proof a person is alive and details of a safe’s contents – these are only some of the documents that may seem odd to most people. Nevertheless, they are important documents prepared by notaries in Latvia on a regular basis.

«Notaries listen to more than 1,700 life stories every day. Most of them are associated with selling real estate property, purchase or inheritance, requests to confirm signature authenticity or write a will. But notaries in Latvia also sometimes prepare documents that may seem odd to people outside this profession. For example, foreign institutions may file a request for proof that a specific person is alive,» says Latvian Sworn Notaries Council chairperson Sandra Stipniece.

Proof a person is alive

According to experts, the list of duties notaries are entrusted to perform includes determination of certain facts, which includes proof a person is alive. Such requests come up surprisingly often. Notaries in Latvia have compiled 8,589 of such documents in the past five years.

«Foreign institutions and people related to the person in question often request such proof. For example, if a Latvian citizen worked in a foreign country and, after retiring, is paid pension from this country, the institution that pays the pension has to be certain the recipient is still alive. This is when the institution requests such information,» says Stipniece.

According to her, sometimes such proof is needed to compile a will, so that the person knows the heir is alive.

Sworn notary Ilze Metuzale comments on her own experience: «Situations can be different, but often the focus revolves around Latvian residents who spend their lives abroad. Latvian institutions can easily verify if a person is alive or not using registry data. Foreign institutions, on the other hand, do not have access to such information systems.»

She continues: «For example, many existing pensioners worked outside of Latvia in the past. Because of that, they are now paid pensions in Latvia and the country they had worked in at the time. With that, proof that a person is alive is issued rather often in this context.»

Hope purchase agreement

Most often hope purchase agreements are signed for inherited real estate property, when it is clear that there is only one legal heir and they have intention to sell inherited property immediately after inheriting it.

«There are cases when there is no item for the agreement, but it will appear in the future. This is when hope purchase agreements are signed. It is a written agreement – hope for the buyer to use the amount stated in the agreement to acquire an apartment once the seller inherits it. For the seller, the agreement provides certainty that the property they inherit will have a buyer,» Stipniece explains.

Details of a safe’s contents

A compilation of a safe’s contents is created most often in inheritance cases, to determine the contents of a bank safe or private safe, divide inherited contents and assess their value.

The heir participates in the process of detailing contents of a safe as the interested party. Particpation of a bank representative is also necessary if the safe was rented out.

«When a safe is opened, all items are taken from it and described in the document. If the safe contains securities and other papers, officials list their name, number, nominal value, etc. Money is also counted and detailed in the final document. Notaries do not establish the value of items. If they are listed in registries, their value is determined by a certified expert. In other cases, value of items can be determined by the heir,» Stipniece.

Ref: 225.109.109.5500


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