Membership continues under the name of an undistributed estate
If an individual member of Metsäliitto Cooperative passes away and the estate remains undistributed, membership in the Cooperative transfers to the estate and the member benefits continue automatically. For example, interest on the members’ capital will be paid in the normal way to the estate, so there is no need to terminate membership. However, it is important that the estate notifies us about the person handling matters for the estate.
Our customer service will provide, on request, a statement of accounts for the estate inventory. The statement indicates the shares invested in the Cooperative at the time of death. For the purpose of the estate inventory, you can also order an estimate from our forest specialist, which indicates the monetary value of the forest estate.
If the shares in Metsäliitto Cooperative owned by the estate are to be transferred to one or more individuals, they must also become members of the Cooperative. After this, the transfer can be easily made using a transfer form available at our office closest to you or from customer service. If the transfer notification has been submitted by 31 March, the interest for the previous year will be paid to the new owner of the shares. We are pleased to assist anyone taking over a forest estate in all matters related to forest ownership and forest management.