Investments: the price on the date of death, not a round guess

An investment account is a separate item, alongside the current account at the same bank. You do not copy the balance of the linked cash account as the value of the funds. For each fund or each position you ask for the price published on the date of death, and the number the deceased then held. The product of those two, as the overview from the bank or the fund manager shows it, is the value on the date of death. Do not work it out on a scrap of paper if the overview already gives the value. Keep that overview as the source, with the date of the price. A price from a week earlier, or from today, is a different figure.

If the exchange was closed on the date of death, you use the price that the bank or the fund provider itself uses as the price as at that date. You do not pick the nearest day and you do not average two prices. Ask in writing if the portal only shows a current price. In the note you put: price requested as at the date of death, date of the request, reply still open. Until that price is there, the line may stay empty. An empty field with a task is more useful than an amount someone named from memory because the chart stood about that high.

A rounded guess by the family is allowed only as a temporary line, and only if you mark it as an estimate. Put the name of who estimated, the date, and that the source is not a price overview. As soon as the statement or the price specification arrives, you replace the estimate. You do not leave the estimate standing as a second truth beside the price. Value now is again a different field: the price and the number on the day you update the list, or the proceeds if the position has since been sold. Selling costs and a later price movement belong with that course of events, not with the value on the date of death.

Keep positions separate if the overview does so. Note the name as on the document, the number and the value shown with it, each with the same source. If an order on the date of death has not yet been executed, you do not book the order as if the securities were already in. You note the order as an outstanding fact and ask the bank what had already been credited on the date of death. Dividend that is already on the account on that day's statement sits in that account's balance. Dividend that has not yet been paid out remains a question, not an amount you add by estimate.

A price on a statement is not a valuation by Ervazo and not tax advice. The program keeps the source and does not fill in the price itself. The source of the figure is the bank or the fund manager, in the overview that shows the price as at the date of death. An estimate remains an estimate until that document is there. Whether the position is later treated differently in a return, you do not ask of the estate-inventory line. For that, the Belastingdienst is the source of the rules, and the overview is the source of the amount.