Why are there forgotten accounts?
Over the course of a lifetime, people often accumulate bank accounts at various institutions – whether due to moving, changing jobs, or saving money. These accounts are not always documented or communicated to family members. Such accounts are referred to as dormant accounts.
How can heirs track down such assets?
Heirs or other authorized persons (e.g., estate administrators or executors) can submit inquiries to banking associations. Appropriate proof is required, such as the certificate of inheritance or the will along with the official record of its opening by the court.
Which contact points are responsible?
– Savings banks: forschung@dsgv.de
– Cooperative banks: www.bvr.de/Service/Kontonachforschung
– Private banks: forschung@bdb.de
Depending on the association and the amount of work involved, fees may be charged for processing.
How does the search for foreign assets work?
If you suspect assets are held abroad – for example, in Switzerland – you can contact the relevant central contact point, such as the banking ombudsman. Please note: Only active accounts can be located – closed accounts are no longer registered.
What other assets might exist?
Besides bank accounts, real estate or life insurance policies should also be considered. A look at the land register or an inquiry with insurers can provide further clues – especially in the case of substantial estates.
What deadlines apply in inheritance law?
The legal deadline for disclaiming an inheritance is six weeks from the date of knowledge. Therefore, prompt action is required – also to avoid tax or liability disadvantages.
