Scrubbing Inheritance Assets in Korea; Make it Simple!
- Joseph Zoh
- Nov 26, 2023
- 1 min read
The "Peace of Mind Inheritance One-Stop Service," also known as "안심상속 원스톱서비스" in Korean, is a comprehensive service that facilitates the process of property and asset inheritance.
Key features of this service include:
Integrated Property Inquiry: This service allows for the convenient, one-time inquiry of a deceased person's properties, including financial transactions, land, buildings, taxes, pensions, vehicles, and memberships in various associations.
Government-Supported Service: It's a government-provided service aimed at simplifying the inheritance process for the beneficiaries, one of heirs can apply for this service at the Dong-office near you.
Comprehensive Asset Overview: The service provides a detailed view of the deceased's assets, including tax details (outstanding and notified tax amounts), financial transactions (bank balances, loans, insurance, stocks, etc.), and national pension enrollment information.
This service significantly simplifies the inheritance asset scrubbing process, providing peace of mind to the heirs by offering a centralized and streamlined way to access all necessary information about the deceased’s estate.
For more details, please send an e-mail to jz@taxjz.com or If you would like a free consultation with an English-speaking Accountant in Korea, please schedule a call at: Schedule a Call with Jz
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