Give up an inheritance: everything you need to know
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What is the first thing you should know about renouncing inheritance??
Las inheritances They are complex procedures due to all the circumstances that surround them and that will determine the final result.. Both for the value of what was inherited and for the number of heirs involved, whether or not there is a will, the degree of consanguinity, the type of properties to be distributed, etc.
The fact is that an inheritance does not always have to translate into an increase in assets., but it can even lead us to economic ruin. And it is that, upon accepting the goods, Debts and charges incurred by the deceased person are also accepted.. For this reason, giving up an inheritance on time can be the best good decision.
In fact, although it may seem unusual, las inheritance renunciations They are quite common. The most common reason being the fact that it entails more debts than benefits. Although there are also cases in which it can occur for reasons of solidarity or to avoid a dispute with a family member..
Can you renounce an inheritance?
Inheriting means receiving the assets, the money, the rights and obligations of a person upon death, complying with the law or with the provisions included in the will. But the inheritance can be renounced if the person in question considers it appropriate., passing his rights to the rest of the co-heirs.
Yes indeed, it must be taken into account that It is an irrevocable fact, that is to say, The heir loses the rights to the inheritance and will not be able to go back. With which, before doing it, It is advisable to consult with an expert lawyer in inheritances and successions who can inform us and advise us on what is the best decision..
Besides, It should be noted that he art. 990 of the Civil Code does not contemplate the possibility of making a partial resignation, Therefore, you cannot renounce only one part of the inheritance and accept the other.. This means that the heirs cannot reject the debts and benefit from the rest of the assets..
And it is not possible to renounce an inheritance during life., that is to say, when the person has not yet died. With which, Even if someone knows that they will receive more debts than assets, You can't do it until the person dies..
The advantage of hiring specialized services is, without a doubt, the peace of mind that all of this will be carried out without any harm to the interested parties and with the utmost professionalism., avoiding discomfort, headaches and pressure among family members who are not familiar with these procedures or, even though we are familiar, avoids misunderstandings between those affected since our lawyers, in addition to being specialized in the processing of inheritances, They are specialized in mediation between family members and/or non-family heirs.
To renounce an inheritance, it is better that you trust our Inheritance Specialists
In this article we only cover basic, If you want to delve deeper into the topic or have any questions, remember that you can contact our law firm specialized in inheritances. For example, We could make a calculation of the inheritance tax settlementHow to pay the Inheritance Tax that will help us make the right decision.
In our next article we will talk about the negotiations and payment of legitimate.
For more questions you can contact an inheritance specialist by clicking on the button.