Are you the heir to an estate with debts?

We often see clients at our office who are heirs to estates full of debts and are considering renouncing them.

However, renouncing an inheritance has a number of legal and tax consequences that depend on its content and on how the renunciation is formalised.

That is why, first of all, it is very important to get advice before renouncing, as it may have tax consequences.

Secondly, the assets and liabilities of the estate need to be analysed in each case to see what options exist: if the debts are properly managed or negotiated with the creditors, accepting the inheritance may even be worthwhile.

At Arias Advocats, our succession and insolvency teams work together to manage and renegotiate the debts included in some estates, with the aim of reducing the liabilities so that the heir can get the most out of the inheritance.

In short, before accepting or renouncing an inheritance, contact us so that we can study the options available and help you obtain the greatest benefit.