Life Events Guidance

• What issues should be discussed upon divorce?
  Upon divorce, the issues of division of property, determination of the maintenance and place of residence of children, fulfilment of credit obligations, surnames and other matters of concern to the spouses have to be discussed.
• How is property divided in the case of divorce?

  Perhaps the best-known rule is that the property of spouses acquired in marriage is divided equally. However, it is important to know that in certain circumstances the court may not apply this principle. For example, if personal funds of one of the spouses were used for the acquisition of immovable property during the marriage (e.g., from the sale of property owned before the marriage, or inherited or received as a gift), the principle of equal shares will not apply. Another case is when one of the spouses, with whom the children will live, asks for a larger share of the property. The principle of equal shares may also be waived because of the spouse's state of health or inferior financial situation.

  Although the property acquired before marriage is personal property that is not subject to division upon divorce, there may be exceptions. If one spouse's home has been substantially improved during the cohabitation period using the other spouse's money or work, it may be recognised as community property of the spouses and divided when they divorce.

  This may also be the case if the loan was used to buy the property before the marriage, but the marriage took place shortly afterwards and the loan payments were made from the joint family budget.

• What to do with a dwelling in the case of divorce?

  Every divorce has very different circumstances. Dividing a dwelling is a delicate but solvable issue.

  Important issues affecting the division of the dwelling in the case of divorce:

  • Who owned the dwelling? Was it owned by both or one of the spouses?
  • Was a home loan taken? Was the loan taken by both spouses together or separately?

  Scenarios for the division of a dwelling acquired with a loan

  Acquiring a dwelling with a loan the credit repayments on which are still made to the bank can be a major headache. To avoid misunderstandings and confusion, it is necessary to assess and choose one of four possible scenarios with the creditor's consent.

  • Scenario 1. Both spouses remain co-owners and co-borrowers and have to repay the loan together after the divorce. The spouses may agree between themselves on the monthly amounts to be repaid. However, this is a risky way to go, as it means assuming liability for the other spouse and, if the other spouse does not pay his/her share, the need to cover it may arise.
  • Scenario 2. The dwelling is sold, the loan is repaid and, in the event of a profitable sale, the balance is divided between the spouses. If the proceeds of the sale are insufficient for covering the full amount of the loan, the remaining debt must be repaid by both spouses unless otherwise agreed with the creditor.
  • Scenario 3. There can also be a third scenario when the ownership of the dwelling and the home loan can also be transferred to one of the spouses if he/she has sufficient income and the creditor agrees to such scenario. The other spouse may gift a part of the loan covered before the division of the property, or ask for monetary compensation.
  • Scenario 4. Under this scenario, ownership of the dwelling passes to one spouse, but both spouses are obliged to repay the loan. In most cases, the dwelling remains with the spouse with whom the minor child or children live and his/her income is insufficient to repay the loan.

  It is important to note that if scenarios 2, 3 or 4 are chosen, the creditor's approval will be required.

  Details of how to obtain the creditor’s consent and/or other necessary approvals of the creditor are set out in the table below.

  	Where to apply	What documents to submit	Swedbank’s actions	Service price
  The mortgaged property is sold by mutual agreement, covering the balance of the loan in full	Submit a request in your internet bank: 'Contact us' -> 'Write to us' -> 'Request a bank reference -> 'Reference /Permission about mortgage loans'; or send us a bank message: ‘Contact us’ -> ‘Write to us’ -> ‘Write a message’.	A request for sale of the property should be submitted.	Upon receipt of your request, we will prepare a consent to sell the mortgaged property on condition that the funds received will be used to cover the loan in full.	fees
  The mortgaged property is sold by mutual agreement, and the sales price of the property is insufficient for covering the balance of the loan in full	Submit a request in your internet bank: 'Contact us' -> 'Write to us' -> 'Request a bank reference -> 'Reference /Permission about mortgage loans'; or send us a bank message: ‘Contact us’ -> ‘Write to us’ -> ‘Write a message’.	A request for sale of the property should be submitted. In addition, an application for an amendment to the agreement must be completed in the prescribed form, including details of your income, liabilities and other relevant information.	Upon receipt your request, completed application form and other relevant information, we will take a decision. If the decision taken is positive, we will prepare consent to sell the mortgaged property. We will also prepare an arrangement to the loan agreement on the terms and conditions of repayment of the loan balance.	fees
  The marriage is dissolved at the notary’s office and the notary requests the submission of the bank's consent / approval	Submit a request in your internet bank: 'Contact us' -> 'Write to us' -> 'Request a bank reference -> 'Reference /Permission about mortgage loans'; or send us a bank message: ‘Contact us’ -> ‘Write to us’ -> ‘Write a message’.	A draft agreement on consequences of divorce should be submitted. Also, contact details of the notary who requests the submission of the certificate should be provided.	Upon receipt of the draft agreement on consequences of divorce and the notary’s contact details, we will prepare a certificate about existing liabilities and confirm that we do not object to continuing the fulfilment of the aforementioned liabilities in the manner provided for in the agreement(s); or we will indicate how the terms and conditions of the agreement(s) should be adjusted..	fees
  The marriage is dissolved in court and a proof that you have informed the creditor of the divorce proceedings is required	It is not necessary to order a certificate. The court may be provided with the following evidence: An automatic reply from mailbox of Swedbank, AB; A receipt of a registered postal item; The bank’s stamp (‘Received’ and signature) on the submitted documents if you bring them to the bank’s branch.	A draft agreement on consequences of divorce should be provided.	-	-
  The ownership of the dwelling and the home loan are transferred to one of the spouses if his/her income is sufficient	Submit a request in your internet bank: 'Contact us' -> 'Write to us' -> 'Request a bank reference -> 'Reference /Permission about mortgage loans'; or send us a bank message: ‘Contact us’ -> ‘Write to us’ -> ‘Write a message’.	A request for the loan transfer and disposal of the part of the property to one of the spouses should be submitted. Also, an application of the established form should be completed for the loan transfer to one of the co-borrowers. The application should include the data about available income, liabilities and other relevant information.	Upon receipt your request, completed application form and other relevant information, we will take a decision. If the decision taken is positive, we will prepare an arrangement to the loan agreement on withdrawal of one of the co-borrowers from the obligation. It will be necessary to apply to notaries for amendment to the mortgage agreement resulting in additional costs of payment for the notary’s services.	fees
  Both spouses remain co-owners and co-borrowers and have to repay the loan together after the divorce	No need to apply to the bank.	-	-	-
  The ownership of the dwelling passes to one spouse, but the loan must be repaid by both spouses	Submit a request in your internet bank: 'Contact us' -> 'Write to us' -> 'Request a bank reference -> 'Reference /Permission about mortgage loans'; or send us a bank message: ‘Contact us’ -> ‘Write to us’ -> ‘Write a message’.	A request for transferring a part of the mortgaged property to one of the co-borrowers should be submitted.	Upon receipt of your request and other relevant information, we will take a decision. If the decision taken is positive, we will prepare consent to transfer the mortgaged property. In addition, we will prepare an arrangement to the loan agreement and an amendment to the mortgage bond which will have to be signed at the notary’s office.	fees
  Spouses disagree on divorce, divorce proceedings / legal disputes are pending	If you need certificates or consents, submit a request in your internet bank: 'Contact us' -> 'Write to us' -> 'Request a bank reference -> 'Reference /Permission about mortgage loans'; or send us a bank message: ‘Contact us’ -> ‘Write to us’ -> ‘Write a message’.	In your request, provide detailed information and supporting documents reflecting the situation.	Depending on the individual situation, responses, certificates, etc., may be prepared.	fees

  If you are facing financial difficulties – read more here.

• What is important if you have a lease agreement?

  If you have concluded a lease agreement and, after the divorce, you want to change its terms and conditions, i.e. to modify the obligation from a joint and several (where you are co-borrowers or a surety for each other's obligations) to a personal one, or to replace one of the spouses with the other one, you will have to submit an appropriate request to the leasing company and obtain its consent for making the changes you want. You will need to fill in the application form by logging in to Swedbank Internet Bank: ‘Loans, lease’ -> ‘Car lease’ -> ‘Complete an application’.

  Upon receipt of the divorce documents and the application, we will assess the solvency of the person who remains under the obligation and his/her ability make all payments under the lease agreement, and will take a decision accordingly. If the decision is positive, we will issue consent.

  Modification of an obligation is treated as an amendment to the terms and conditions of the agreement and is charged a fee at the applicable fees.

  Please note that in order to avoid adjustments to documents, you should correctly discuss the matter of division of the leased property in the divorce documents. We would like to point out that the property purchased under the lease agreement does not belong to you until all obligations under the lease agreement have been fulfilled,, and therefore the object of the lease agreement, i.e. a car or other motor vehicle, cannot be awarded to you as a personal property upon divorce. Therefore, when you divorce, you should determine to whom the property rights to the particular property held by Swedbank lizingas, UAB by right of ownership under the lease agreement, but not the title to the property itself, will pass on. For example:

  “Property rights to the property __________ held by Swedbank lizingas, UAB by right of ownership under the lease agreement ___________ shall pass on to ____________, who will acquire the title to the property upon fulfilment of the obligations under the lease agreement.”

• Are financial assets, accumulated pension also community property?

  Securities or accumulated financial resources are also divided, either by court decision or by agreement between the parties. It may be decided that one spouse will receive the property of one type and the other spouse – the property of another type.

  There is also another way of dividing financial assets when one of the spouses gets all accumulated financial assets and pays the other spouse financial compensation for his/ her share.

  It is important to know that financial assets include both funds accumulated under insurance contracts and pensions accumulated in Pillar III funds. In the event of divorce, one spouse can ask the court to recognise his/her right to half of the funds. As the insurance or pension contract is not normally terminated on divorce, one spouse may be obliged to compensate the other for the corresponding share of the funds accrued in the contract.

• What happens to existing liabilities?

  Ex-spouses need to consider carefully not only how assets will be divided, but also how liabilities will be met after the divorce and thus they will have to share the debts.

  In marriage, both assets and liabilities are community property, and, therefore, they are also divided. The divorce does not relieve the spouses of their joint obligations to creditors, unless the creditor agrees that the financial obligations rest upon one spouse only.

  Financial liabilities without pledging assets, such as consumer credits, are generally smaller and can therefore be more easily repaid or re-divided. However, they should not be pushed aside hoping that the situation will resolve itself and the spouse who has been fulfilling these financial obligations will continue to do so. If these issues are not resolved, a situation may arise where both ex-spouses do not make loan repayments expecting that it is the obligation of the other spouse.

• What to do if after divorce the loan remains joint and several liability but one of the ex-spouses defaults on the financial obligations?
  The debtor who has fulfilled a joint and several obligation shall be entitled to recourse against all other joint and several debtors in equal shares to the extent of the obligations fulfilled by him/her, after deducting his/her own share, unless otherwise provided by law or contract. What one of the joint and several debtors fails to repay as a result of his/her insolvency to the debtor who had discharged the joint and several obligation shall be equally shared by the other joint and several debtors, unless their shares of the debt are unequal.
• What to do if financial difficulties arise during or after the divorce?

  If you are unable to make your repayments under the terms and conditions of the agreement, we will deal with the situation individually. For example, various changes may be made to the terms and conditions of the agreement (deferring instalments, extending the agreement term, or making other necessary modifications to the agreement).

  In that case, you will need to fill in an application of the prescribed form for amendment to the agreement, in which you will need to provide information about your current income, liabilities and other relevant information.

  You can fill in the application form by logging in to Swedbank Internet Bank: ‘Loans, leasing’ -> ‘Obligations’ -> ’My contracts’.

  Read more about how to deal with loan repayment difficulties here.

• What evidence should be presented to the court or notary if the marriage is dissolved in court or at the notary's office?

  If the marriage is dissolved in court, you must provide the court with proof that you have informed the creditor of the divorce proceedings. The court will accept as evidence:

  • an automatic reply from mailbox of Swedbank, AB,
  • a receipt of a registered postal item,
  • the bank’s stamp (‘Received’ and signature) on the submitted documents if you bring them to the bank’s branch.

  When marriage is dissolved at the notary’s office and the notary requires the submission of the bank’s consent / approval, we prepare a certificate on the existing liabilities and confirm that we do not object to continuing the fulfilment of the specified liabilities in the manner provided for in the agreement(s).

• Is the bank’s consent always required?

  The bank's consent is mandatory if, upon divorce, you intend to modify the terms and conditions of the credit agreement(s) you have concluded, i.e. to modify the liability from joint and several to personal liability.

  The court may also, on its own initiative, require providing the bank's response to your request or claim.

  If the marriage is dissolved at the notary's office, the bank is not obliged to inform you that it does not object to the terms and conditions of the agreement – on the contrary, the bank must only inform the notary and you if the bank is not satisfied with the terms and conditions of the agreement.

  As a general rule, when the terms and conditions of the agreement are inappropriate, or when we receive an agreement that is completed not in full or incorrectly, we will contact you to discuss the points that need to be corrected, and after shortcomings are eliminated and the corrected agreement received, the problem will be resolved.

• How to submit the on the consequences of divorce to the bank?

  The Civil Code of the Republic of Lithuania provides for a uniform procedure for informing the creditor both in court and through a notary, i.e. when the agreement on the consequences of divorce deals with the division of the spouses' property, which is the spouses' community property, the spouses have to inform all known joint creditors of both spouses or of only one of them, prior to applying to the court or a notary for the approval of this agreement.

  This notification should be accompanied by a draft agreement on the consequences of divorce or a draft claim, as well as by the contact details of the notary who is to be approached for notarisation of the agreement.

• What to do after receiving the divorce documents when you have financial obligations to the bank?

  The divorce documents have to be submitted to the bank. Where according to the notarised agreement it is necessary to amend the terms and conditions of the loan agreement or if you need an advice, you can register for consultation.

• Why is it important to correctly identify the creditor in the divorce documents?

  Please note that Swedbank, AB, legal entity code 112029651, and Swedbank lizingas, UAB, legal entity code 111568069, are separate and different legal entities, so in order to avoid correcting the documents, you must make sure that the creditors are correctly indicated in the divorce documents:

  • if you have the loan agreement(s), you need to indicate the institution that granted the loans, i.e. Swedbank, AB;
  • if you have the lease agreement(s), you need to indicate the leasing company, i.e. Swedbank lizingas, UAB.
• Need an advice?
  If any unanswered questions remain, you can ask them by sending a message via the Internet Bank message or calling via phone number +370 5 268 4444 of Swedbank.

• How does the bank find out about the person’s death? Who notifies of the person’s death?
  We obtain information about a citizen deceased in the Republic of Lithuania from the Population Register of the SE Centre of Registers.
  The notification of death can also be given to the bank by the heir, family member or other relative of the deceased person.
• How can I notify the bank of the person's death?

  There are several ways to notify of death of the person who was the bank's customer:

  • verbally by calling Swedbank’s telephone number +370 5 268 4444;
  • in writing, by emailing the bank at info@swedbank.lt, by internet banking message, or by post.
• What documents are needed for notifying of the death?

  We usually ask to provide the person’s death certificate.

  We can check the fact of death of a citizen of the Republic of Lithuania with the Population Register of the SE Centre of Registers even if you have no death certificate when you notify of the fact of death.

  If the death is registered abroad or the deceased person is a foreign national, you will have to submit to the bank the original or a notarised copy of the death certificate issued abroad. Where the documents submitted are issued in a foreign country that has acceded to the 1961 Hague Convention on the Abolition of Legalisation of Foreign Public Documents they must be certified by an Apostille rather than legalised. The information on whether the documents to be submitted need an Apostille is posted on the website of the Ministry of Foreign Affairs of the Republic of Lithuania: Legalisation of documents and certification by Apostille | MFA.

  If the document is not in Lithuanian or language understandable to the bank’s employee (e.g., English) it must be translated into Lithuanian and notarised.

  You can also present a certificate issued by a notary about opening of an inheritance case, or a certificate of the right of succession, if already issued.

• To whom is the information about the deceased person provided?

  After the customer’s death, we provide information about the customer and his/her account to his/her heir(s) and other persons:

  • We provide the heir(s) with information about the deceased person’s existing assets and liabilities on presentation of:

    ‒ the original of the certificate issued by a notary’s office about opening of an inheritance case, or the original of the documents of inheritance (certificate of succession by operation of law, certificate of succession by a will, a contract on the division of estate, etc.), if already issued;

    ‒ the heir’s personal identity document (passport, personal ID card);

    ‒ the heir’s request.

    Where the inheritance is administered by an authorised person, he/she must additionally submit his/her personal identity document, a power of attorney and a notarised copy of the heir's personal identity document.

    We provide the information (on the deceased person’s all bank accounts, loans, securities, pension contracts, etc.) within 10 working days. Each heir can apply for and receive the information separately from other heirs. The information the heir wants to receive should be specified in the request.

    This service is charged a fee at the applicable rates, which are available on the bank’s website: Bank fees > Other services > Preparation of bank certificates > Other certificates (in Lithuanian or English). (Heirs can also order the service of forwarding the certificate to the notary’s office when ordering the certificate (subject to payment of a fee for the transmission of the documents by registered post) – in that case, there will be no need to go to the bank to collect the certificate).

    Please note that the certificate is not sent to the heir by post or by e-mail.

  • The information about the deceased person’s assets and liabilities may also be issued in the cases and according to the procedure stipulated by legal acts, on the basis of a court order, a bailiff's request and/or other cases.

  Please note that information on the deceased person's assets and liabilities will not be provided to the heir upon presentation only of the person's death certificate or another document, such as the deceased person's birth certificate, marriage certificate or similar.

• Can the heir receive a statement of account of the deceased person?

  The heir may receive the statement of account of the deceased person only from the date of the deceased person's death upon presentation of the following documents:

  • a certificate about opening of an inheritance case / certificate of the right of succession issued by a notary;
  • a request in which the heir must specify the period for which the statement is required.

  If the heir needs the statement before the date of death of the deceased person, the heir must submit a certificate issued by a notary about opening of an inheritance case or a notary's inquiry / request, which should state that the heir is entitled to receive information on the deceased person's transactions before the date of death, and should also indicate the period for which such transactions are to be provided, as well as the basis for obtaining the information (Article 34 of the Law on the Notarial Profession) and the purpose of obtaining the information, namely the information referred to in Article 55(8) of the Law on Banks.

• Can information about accounts, other assets and liabilities be obtained by presenting a power of attorney issued before the death of the account holder?
  The information about the deceased person's accounts, other assets and liabilities cannot be obtained by presenting a power of attorney issued before the deceased person's death, as all issued powers of attorney cease to be valid when the customer dies.
• What is important to know about succession if the deceased person's permanent place of residence / registration is outside Lithuania?

  The deceased person’s relatives should apply for the inheritance to the authority dealing with succession matters in the country where the deceased person had his/her habitual residence (e.g., a notary or a court in that country, etc.).

  The information on the financial assets and liabilities of the deceased person may be provided and/or the inheritance may be distributed if the heir(s) provide:

  • the European Certificate of Succession, which is issued in accordance with EU Regulation 650/2012. For more information, please visit the European e-Justice portal – European Certificate of Succession (europa.eu) or
  • a certificate of the right of succession and/or a certificate of title or other document issued by the authority of the country dealing with inheritance matters, stating that the heir inherits the whole of the deceased person's estate or funds and other assets held with the bank; and
  • a personal identity document (passport, personal ID card).

  Where documents to be submitted are issued in a foreign country that has acceded to the 1961 Hague Convention on the Abolition of Legalisation of Foreign Public Documents, they must be certified by Apostille rather than legalised. For information on whether the documents to be submitted require Apostille, please check the website of the Ministry of Foreign Affairs of the Republic of Lithuania: Legalisation and Certification of Documents by Apostille | MFA.

  If the document is not in Lithuanian or language understandable to the bank's employee (e.g., English) it must be translated into Lithuanian and notarised.

• What is succession?

  Succession is the devolution of property rights, duties and some other personal non-property rights of a deceased natural person to his / her heirs by operation of law (intestate) or/and to successors by the will (testate).

  Succession can arise by operation of law and by a will. The succession by operation of law arises when the deceased person did not make a will. The succession can be accepted according to the general procedure – in that case, the heir assumes full liability for the deceased person’s credit obligations, both to the extent of the inherited property and of his/her own property. The succession can also be accepted according to the inventory of the estate – this way the heir is protected from liabilities that exceed the value of the inheritance.

  In some cases, it is compulsory to draw up the estate’s inventory, e.g., when the heir is a minor or is represented by an authorised person. In other cases, inventory is drawn up only at the heir’s request. If the heir so requests, the inventory of the estate may be drawn up by a bailiff.

  The law prescribes certain procedure for heirs to inherit the deceased person’s estate. The first-degree heirs shall be the deceased person’s children (including adopted children) and the deceased person’s children born after his/her death. If there are no first-degree heirs, the second-degree heirs – the estate shall be inherited by the deceased person’s parents (adoptive parents) and grandchildren. The third, fourth, fifth and sixth degree heirs shall inherit in the absence of heirs of superior degree or in the event of their renunciation of succession or deprivation of the right to succession.

  The surviving spouse shall be entitled to inherit pursuant to intestate succession or alongside with the first or second-degree heirs (if any). The surviving spouse’s share of the estate depends on the number of other heirs, and if there are no other heirs of the first and second degree, the surviving spouse inherits the whole estate.

• Can I renounce succession if it involves liabilities?

  Succession may be renounced. However, it is not possible to inherit the estate by waiving the deceased person’s liabilities. This means that when accepting the inheritance, the heir will also be liable for all liabilities related to succession. Therefore, if you want to waive the liabilities, you must also renounce the inherited estate.

  If you have decided to accept the inheritance and the inheritance also includes the deceased person's liabilities (e.g., mortgage, consumer loan, student loan, lease or other obligation to the bank), you should ensure the timely payments under the agreements, because if payments are not made they will not be deferred, they accumulate and can lead to significant amounts that can be financially difficult to pay in one lump sum. More information is provided here.

• Where to apply for inheriting assets and liabilities?

  Not later than 3 months after the person's death, the prospective heirs must apply for acceptance of succession to the notary selected according to the deceased person’s last place of residence indicated in the Population Register of the SE Centre of Registers. More information is posted on the website of the Chamber of Notaries: https://www.notarurumai.lt/notarai/4.

  Please note that a will alone does not constitute the proof of the right of succession; even if you have a will, you must contact a notary in all cases.

• What to do upon receiving a notary's certificate about opening of the inheritance case?

  Upon receiving the notary’s certificate about opening of the inheritance case, the heir should apply to Swedbank AB and/or Swedbank lizingas UAB (depending on the assets and liabilities to be inherited) for a certificate of the deceased person's existing assets and liabilities.

  This certificate can be ordered from the bank's branches by submitting the personal identity document of the prospective heir, the application form and the notary's certificate about opening of the inheritance case (an original paper document or a document signed with an e-signature).

  Where the succession is administered by an authorised person, he/she must additionally produce his/her personal identity document, a power of attorney and a notarised copy of the heir's personal identity document.

  More detailed information is available here.

  If the deceased person had life insurance, the insurance company that has insured the deceased person should be contacted. If the deceased person was insured by Swedbank Life Insurance SE Lithuania, the prospective heir can fill in a request in the Internet Bank or call +370 5 268 4444 for information and further instructions. The amount of the life insurance will be paid out to the beneficiary named in the contract or to the heir if no beneficiary has been named.

• What should a future heir do with the inherited loan and/or lease payments until the inheritance documents are processed and received?

  • If the deceased person had a home loan, consumer loan, study loan or multi-apartment building renovation loan with Swedbank, AB:

    Upon presentation of the notary's certificate about opening of the inheritance case, the prospective heir can make the loan payments to the account specified by Swedbank AB (the account will be specified by the loan agreement manager), indicating in the purpose of the payment the number of the loan agreement and the name of the person for whom the payment is made.

    The heirs can obtain detailed information from the loan agreement manager, whose contacts can be obtained by calling the telephone number +370 5 268 4444 of Swedbank and/or at Swedbank branch.

  • If the deceased person had a lease or operating lease agreement with Swedbank lizingas, UAB:

    After submitting the notary’s certificate about opening of the inheritance case, the prospective heir must submit one of the following free-form requests to Swedbank lizingas, UAB at any Swedbank, AB branch until the inheritance documents are issued:

    • An application for permission to continue operating the leased asset without suspending payments under the agreement(s).

      In that case, until the inheritance documents are issued, the lease payments should be made to the account of Swedbank lizingas, UAB (the account will be specified by the lease agreement manager), and the purpose of the payment should include the number of the lease agreement and the name of the person for whom the payment is made.

      Important: 14 days after the death of the owner of the vehicle, the vehicle's authorisation to participate in road traffic may be suspended. To continue using the vehicle after obtaining a power of attorney from Swedbank lizingas, UAB, it is necessary to apply to SE Regitra for the registration of the temporary owner of the vehicle until processing of the inheritance documents.

    • A request to temporarily suspend payments under the agreement(s). In that case, the lease agreement manager will inform about the car parking of partners of Swedbank lizingas, UAB the car should be delivered or will arrange for its collection.

      For detailed information on the lease agreement and the steps to be taken, the heirs can apply to the lease agreement manager, whose contacts can be obtained by calling the phone number +370 5 268 4444 of Swedbank and/or at Swedbank branch.

• When does a notary issue inheritance documents?
  Once all the necessary documents and information have been collected, the notary shall issue heirs with the documents of the right of succession (a certificate of the right of succession by operation of law, a certificate of the right of succession by a will, an agreement on division of estate, etc.) not earlier than 3 months after the person’s death.
• What is important upon receipt from a notary of a certificate of the right of succession or other documents confirming the acceptance of inheritance?

  If a home loan, consumer loan or multi-apartment building renovation loan or lease agreement is inherited:

  1. The original inheritance documents (a certificate of the right of succession by operation of law, a certificate of the right of succession under a will, an agreement on division of estate, etc.) and a personal identity document (a passport, a personal identity card) should be provided to Swedbank, AB and/or Swedbank lizingas, UAB. If there are several heirs named in the inheritance documents, all the heirs must arrive at the branch. Each heir must register separately, unless he/she has a power of attorney to represent the others.

     If a home loan and/or multi-apartment renovation loan is inherited, in addition, an extract from the Real Property Register of the SE Centre of Registers showing the new registered owner of the property shall be submitted.

  2. If you want to cover the whole inherited liability, you need to apply for early repayment of the loan or covering the lease. You will not be charged an early repayment fee for early repayment.

  3. If you intend to continue repaying the loan or lease on the terms and conditions set out in the agreement, at least one of the heirs must have an account with Swedbank, AB. Where a minor inherits the loan and becomes the sole beneficiary, the account may be opened by the guardian and the account opening will require the submission of the child's birth certificate or the child's personal document (if available) and the guardian's personal identity document. Where a minor inherits property rights under a lease agreement, payments under the lease agreement shall be made by his/her legal representative in accordance with the procedure set out in the agreement signed.

     Upon submission of all documents, we will change the beneficiary of the loan or lease to the heir to the loan or lease. The change can be made by signing an arrangement to the agreement.

  4. If you cannot make the repayments on the terms and conditions of the agreement, we will deal with the situation on an individual basis, e.g., make respective amendments to the terms and conditions of the agreement (defer instalments, extend the agreement term, or other necessary changes to the agreement).

     In that case, you will need to fill in an application of the prescribed form for an amendment to the agreement, providing information about your income, liabilities and other relevant information.

  5. Contact details of the manager of the inherited loan and/or lease agreement can be obtained by calling the phone number +370 5 268 4444 of Swedbank and/or at Swedbank branch.

  If only funds in the accounts, pension, securities are inherited:

  1. Register for a visit (each heir shall register separately, unless he/she has a power of attorney to represent others).

     On arrival, the following documents will have to be presented: the personal identity document, original inheritance documents (certificate of the right of succession by operation of law, certificate of the right of succession under a will, agreement on division of estate, etc.), and request for disbursement of funds.

  2. The inherited monetary funds will be transferred to the account specified in the request not later than within 7 working days (if there are no loans) from the date of receipt of the application and all inheritance documents by the bank, the inherited securities will be made available for transfer not later than within 3 working days and the inherited funds accumulated in the pension fund will be transferred not later than within 7 working days from the date of receipt of all inheritance documents by the bank.

  Please note that when transferring inherited monetary funds, securities, or inherited funds accumulated with the pension fund, the standard bank transaction fees for each transfer(s) will be charged.

  The time limit for heirs to apply to the bank for payment is not fixed.

• What is important when the deceased person's home loan, consumer loan or loan for renovation (modernisation) of a multi-apartment building is inherited?

  	You already are a co-borrower to the inherited loan	You already are a surety to the inherited loan	You did not participate in the loan before inheriting the deceased person's liabilities
  1. Payment of instalments (until inheritance documents are issued).	The payments will be automatically debited from your account with Swedbank, AB. If you do not have an account with Swedbank, AB, you will need to pen it and submit a request for debiting payments from your account. To discuss any questions you may have about the loan repayments and other inheritance-related information, you should contact the loan manager.*	You have to submit a request in the Internet Bank for debiting payments from your account with Swedbank, AB. If you do not have an account with Swedbank, AB, you will need to pen it and submit a request for debiting your account with payments. To discuss any questions you may have about the loan repayments and other inheritance-related information, you should contact your loan manager.*	You have to provide a notary's certificate about opening of inheritance case. You have to submit an application for permission to make the payments until the inheritance document is received by Transferring them to the account specified by the loan manager*. To discuss any questions you may have about the loan repayments and other inheritance-related information, you should contact the manager of the inherited loan*.
  2. The inheritance documents received have to be submitted to the bank. In the case of a loan agreement for renovation of a multi-apartment building, an extract from the Real Property Register of SE Centre of Registers, showing the new registered owner of the property should be provided.	On the basis of the succession registration fact, we will change the beneficiary of the loan to the person who inherited the loan. If other contractual terms need to be changed, an arrangement will be signed.	On the basis of the succession registration fact, we will change the beneficiary of the loan to the person who inherited the loan. If other contractual terms need to be changed, an arrangement will be signed.	On the basis of the succession registration fact, we will change the beneficiary of the loan to the person who inherited the loan. If other contractual terms need to be changed, an arrangement will be signed. If you do not have an account with Swedbank, AB, you will need to open it and submit a request for debiting payments from your account.
  3. If loan repayment difficulties arise	information is available here. The loan manager assigned to administer the inherited loan will provide detailed information and help find the best solution for the particular case*.	information is available here. The loan manager assigned to administer the inherited loan will provide detailed information and help find the best solution for the particular case*.	information is available here. The loan manager assigned to administer the inherited loan will provide detailed information and help find the best solution for the particular case*.

  *Contact details of the loan manager can be obtained by calling the phone number +370 5 268 4444 of Swedbank or at Swedbank’s branch.

• What is important when you inherit the deceased person's rights and obligations under a lease agreement?

  	You already are a co-borrower under the inherited lease agreement	You already are a surety under the inherited lease agreement	You did not participate in the loan before inheriting the deceased person's liabilities
  1. Making payments (until the inheritance documents are issued)	Payments will be automatically debited from your account with Swedbank, AB. If you do not have an account with Swedbank, AB, you will need to open it and submit a request for debiting payments from your account. To discuss any questions you may have about the loan repayments and other inheritance-related information, you should contact the lease manager.*	You have to submit a request in the Internet Bank for debiting payments from your account with Swedbank, AB. If you do not have an account with Swedbank, AB, you will need to open it and submit a request for debiting payments from your account. To discuss any questions you may have about the loan repayments and other inheritance-related information, you should contact the lease manager.*	You have to submit a notary’s certificate about opening of the inheritance case. You have to submit a request for allowing you to continue to manage the leased property and not suspend payments or for a temporary suspension of payments under the agreement. If payments are suspended, the leased property must be returned. Payments under a lease agreement are transferred to the account specified by the manager. To discuss any questions you may have about the loan repayments and other inheritance-related information, you should contact the manager of the inherited lease agreement*.
  2. The inheritance documents received have to be submitted to Swedbank lizingas, UAB.	On the basis of the succession registration fact, we will change the beneficiary of the lease to the person who inherited the lease. These amendments will be documented by signing an arrangement.	On the basis of the succession registration fact, we will change the beneficiary of the lease to the person who inherited the lease. These amendments will be documented by signing an arrangement.	On the basis of the succession registration fact, we will change the beneficiary of the lease to the person who inherited the lease. These amendments will be documented by signing an arrangement. If you do not have an account with Swedbank, AB, you will need to open it. When the leasing agreement is transferred in your name, payments will be automatically debited from your account with Swedbank, AB.
  When the inheritance documents are processed, the vehicle will have to be re-registered in your name, i.e. in the name of the new owner of the vehicle.
  3. If lease payment difficulties arise	information is available here. The manager assigned to administer the inherited lease agreement will provide detailed information and help find the best solution for the particular case*.	information is available here. The manager assigned to administer the inherited lease agreement will provide detailed information and help find the best solution for the particular case*.	information is available here. The manager assigned to administer the inherited lease agreement will provide detailed information and help find the best solution for the particular case*.

  * Contact details of the loan manager can be obtained by calling the phone number +370 5 268 4444 of Swedbank or at Swedbank’s branch.

Use the possibility to discuss your situation:

• if you want to discuss the fulfilment of liabilities to be inherited and/or already inherited, contact the manager (the manager’s contact details can be obtained by calling the phone number +370 5 268 4444 of Swedbank or at Swedbank’s branch);
• if you want to discuss the situation of the inherited funds on accounts, pension and/or securities, please register for consultation:

Register for consultation