Relict Flow Forms in Puerto Rico How much does it cost and how to fill it out?

the form of Contribution on Relict Flow, has an established time to surrender on or before the expiration of nine months, Since the date of death of the deceased. In this form you must detail all assets that the person left, located inside or outside of Puerto Rico, including accounts from banks, stocks, vehicles, among others.

El Department of Finance verifies the information and then issues the Lien Certification, which is popularly known as Relief. This Relay is necessary so that the heirs can register the property or material assets, in the name of the recipient of the same and in order to carry out any transaction, including sale or refinancing of the property.

This procedure is also essential to receive the savings certificates, bank accounts and transfer of any other property to the heirs.

What “legal” matters must be carried out when a close family member dies?

They are commonly three (3) the topics with which a person has to deal, after the death of a family member. They are:

1. Declaration of Heirs.
2. Relict Flow Form/Treasury Relief.
3. Instance before the Property Registry.

What is a declaration of heirs?

This is the name by which the process that has to be carried out in court or before a person who is known is known. lawyer or notary. Through this process what is done is to obtain an official document, in which the familiar people of the person who died, who have the right to inherit. This process is only necessary, when the person who dies did not make a will.

This procedure is relatively simple, since it consists of presenting before the corresponding court or before a lawyer or notary, the following documents:

1. Birth certificates of the children of the deceased person.
2. The death certificate of the person who died.
3. Marriage certificate (if the person died while married) and/or copy of the divorce decree in the case of having died while divorced.
4. A negative certification of will.
5. A negative certification that a declaration of heirs has been issued previously, before a lawyer or notary.

These documents must be delivered to the court, through a "Petition" or they are delivered to the lawyer or notary, who have previously selected the interested parties and are the court and the notary, who will be in charge of reviewing them and then delivering the “Declaration of heirs.” To learn more about how to carry out this process, it is advisable to visit the following link: https://ayudalegalpr.org/resource/qu-es-y-cmo-se-solicita-la-declaratoria-de-herederos.

In this link you will find more details and resources that are of great help to those who go through this situation, so that they can carry out the process of “Declaration in its own right”, or to learn more before visiting a lawyer's office to work on the case.

What is the Estate Tax Form?

In Puerto Rico, when a person dies, the government, through the Department of Finance, charge a property tax that that person has left after his death. Although, said tax is calculated only on the first million dollars, for which the real estate (houses, land, buildings, etc.), to reach that amount that the person had in their name in Puerto Rico.

Putting it in practical terms, the vast majority of people in Puerto Rico do not have to pay this tax, what they do have to do is fill out the form so that the Treasury can issue a Relief indicating that they do not have to pay. It is this document that is known as the “Treasury Release” or the “Relict Flow Release”.

How to make a Relict Flow spreadsheet?

This form can be filled out through the platform SURI: https://suri.hacienda.pr.gov and it is not necessary to hire a lawyer or accountant to fill out and submit the form. However, the SURI platform can be somewhat confusing so what is recommended (depending on experience level), that is filled with the advice of a person who manage the SURI platform well.

It is convenient to keep in mind that whoever must fill out the form is any person residing in Puerto Rico (by the time of his death), or any person who had property in Puerto Rico even if he or she was not residing on the island; at the time of death.

How much does a Relict Flow form cost?

This form must be submitted no later than 9 months, after the death of the person. This procedure involves the payment of a proof of $ 25.00 dollars (that can be paid on the SURI platform).

Furthermore, it must be accompanied by the Debt certification that emits the CRIM, among other complementary documents.

Fonts

https://suri.hacienda.pr.gov.

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