Settling an Inheritance
Have you been appointed as an heir, either by a last will and testament or by law? If so, you may be wondering what you will have to do.
In principle you have three possibilities as an heir:
- You accept the inheritance unconditionally, this means that you accept the assets and also pay all debts of the estate, even when there are more debts than benefits.
As long as you do not yet know what you want with the inheritance, or if you doubt whether the inheritance has a positive balance, then take no actions except for those which cannot be postponed. You may, for example, carry out maintenance on the property, but do not divide any rental income among the heirs.