Requirements to raise Family Assets: how is the Procedure, Documents and MORE

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Family heritage it is one of the things that any culture wants to protect for a long time. We are talking about any property, culture or annex that is important in our present. In Colombia it is possible to preserve or protect it through a family patrimony which is carried out with a document. Then Manage it will mention the requirements to raise Family Assets.

Our modern lives are a continuation of our heritage. We are where we are now because of the thousands of years left behind us. Everything we take for granted: our languages, our lifestyles, the design of our houses, the food we eat and how we prepare it, our medicines, our technology, our various legal systems and forms of government.

Without a doubt protecting the heritage is of the utmost importance. That is why in Gestionalo we will tell you the requirements to raise the family assets: how is the procedure and what are the necessary documents to carry out this process and be successful in it.

Requirements to raise Family Assets

To carry out the process of safeguarding or protect family assets must have the following documents:

  • Photocopy of the Cédula (the annexes must be of all the people that make up the family, absolutely all)
  • Birth certificate of the whole family (children, parents, grandparents and even grandchildren).
  • Documents that have reference to the real estate, that is, all the papers that you received when buying the property
  • Have the certificate of tradition and liberation of the object.
  • Possess the power of attorney with authenticity and that it is signed.
  • If you have a mortgage, you must have the receipts issued by the same bank.
All these requirements are mandatory.

If you meet all the above requirements, you will have no problem protecting your assets. However, below we will mention other types of actions that you can take to protect your properties:

Use proper contracts and procedures: One of the easiest ways for creditors to protect the veil of the property and attack your personal assets is if you act negligently or fraudulently. They must be stamped and signed by the corresponding authorities. However, check with the notary for changes beforehand.

This can be avoided by having good leases for your rentals, placing property and equipment titles in the name of the company, having subcontractor agreements and contracts on every project, not relying on emails for terms in an important relationship, and never hiring people. to work the table.

2. Have appropriate business insurance – Insurance is an important part of your estate and should be included from the start. Insurance gives you the ability to deal with an incident in your business and gives plaintiffs another objective. This insurance will be your backup mattress in case something happens in the future.

Necessary documents

Really very few documents are neededIn the previous segment we already mentioned the requirements to obtain the protection of the patrimony. They are exactly the same with the difference of having to carry out the procedure in a notary’s office. However, they are necessary procedures to complete the requirements to raise Family Assets

Small business owners often overlook this aspect that they are unaware of the potential risks that can harm their business, so in this post we will give you some tips to protect yourself properly. However, this information is relevant only if you own a business that is linked to your family assets since there are families that consider your business as assets.

On the other hand, it is necessary to know if there is a minor in the family, since if the answer is affirmative, the family must reconcile an ombudsman for minors so that there are no problems in the future.

How long does it take to raise Family Assets?

The process to raise equity family lasts between 10 to 15 business days. The confirmation time of the same is extremely short and will always depend on the amount of properties that the family or the person wishes to protect. In addition, the process is much easier to do if you do it from a notary’s office since the person in charge of managing the assets will be there as an advisor for your doubts or questions.

However, there are situations in which a family has a mortgaged property and the previous owner can sue to get it. If you are a sole proprietor and an angry customer sues you, the assets you own, such as your home or car, are not protected. Neither are financial assets, like your bank account. All of this can be taken if a judgment is found against you.

Based on the aforementioned It is necessary that when you are carrying out the process to protect your family assets, have the whole family attached (even minors) since in this way, the property or business will not be owned by a single owner but by several.

Maximum value for a Family Estate

The maximum value of the properties attached to the heritage family ,, must be the amount that is the result of multiplying by 3650 the amount of the general minimum wage at the time the heritage. Including those that have not been protected, since at the time that an inspector of the notary wants to verify the properties with their own hands.

A comprehensive business insurance policy can help you preserve property or your wealth rather than have it end up as part of a court-ordered settlement. You will need to look for:

one.Liability insurance, as it must cover injuries to third parties on your property.
two.If you have people who work on your property as your employees, you should also have workers’ compensation insurance. In the case of having workers or gardeners, their identifications must be included in the documents to deliver.
3.Insurance must also have «higher construction cost» additions if your building is damaged or requires reconstruction. That means you will be covered at today’s construction prices rather than prior years.
Four.If you are a homeowner, «rental loss» passengers can help you recoup costs in the event your building is damaged and uninhabitable so you can pay for relocation costs or receive income from the property while it is being rebuilt to offset the costs. correct losses.

Of course, these last recommendations are optional. They are valid in the case of going for commercial insurance for your family assets.

How is the procedure to raise Family Assets?

To carry out the lifting procedure of the Familiar patrimony, you must follow the following guidelines:

  1. To begin, you must go to a notary’s office (anyone, preferably a trusted one with which you have already carried out legal procedures)
  2. Then you will make the request for the process. To do this, you must supply a series of data requested by the same agency.
  3. Once this has been done, when the confirmation of it is received, the notary who is aware of its lifting will call the ombudsman, if applicable.
  4. Once the above procedure has been completed, the application is formalized through a public deed.

If you don’t adequately protect your assets, which you worked long and hard to accumulate, you can be lost very quickly in a lawsuit, bankruptcy, or if creditors come to collect. It is important to know the laws that can protect certain types of assets and the steps you can take to protect your family wealth.. It will also depend on the state in which it is located. In Medellin they tend to be more strict with the documents requested.

The amount of protection you have for your home varies widely from state to state. Some states offer unlimited protection, others offer limited protection, and some states provide no protection at all. This is one more step to complete the requirements to raise Family Assets.

What is a Family Estate?

The Heritage familiar is It is also called as the cancellation of the family patrimony, this is a legal process, in which, through a public deed, the patrimony is managed, before a notary or before a judge. It is a way to protect valuable real estate without having to worry about a third party or government regime. In this way, families can have peace of mind regarding their assets.

On the other hand, although there is no definition established in the standards of what a heritage asset is, such assets generally have a cultural, family or historical significance. Examples include historic buildings and monuments, conservation areas, and artifacts. They are not limited to assets of a particular type or age.

Some equity assets have future economic benefits or potential service in addition to its equity value. For example, a historic building can be used as offices and therefore have a market value. For other heritage assets, your future economic benefit or service potential is limited to your heritage characteristics, for example, a historic building that is in such a state that it cannot be used.


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