Which document confirms the identification of the liquidator in a Declaration of Transmission?

Prepare for the OACIQ Exam. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam with our comprehensive quiz!

The identification card of the liquidator is the document that confirms the liquidator's identity in a Declaration of Transmission. This identification is crucial to ensure that the person designated as the liquidator is indeed who they claim to be and has the authority to manage and settle the estate in question.

In the context of the Declaration of Transmission, which is a legal document used to transfer the ownership of property after someone's death, it is essential for the liquidator to provide valid identification to establish their position and uphold the integrity of the process. Proper identification helps prevent fraud and ensures that the estate is handled properly according to the deceased person's wishes and according to the law.

Other documents mentioned, like proof of insurance, the last will and testament, and power of attorney, serve different purposes in the context of estate management but do not specifically confirm the identity of the liquidator in the Declaration of Transmission. For instance, while the last will outlines who the liquidator should be, it does not serve as identification itself. Similarly, a power of attorney relates to authorization to act on behalf of someone but does not provide proof of identity for the liquidator's role in this scenario.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy