How to Refuse an Inheritance With Debt Summary – Step 1: Avoiding Unsuspected Debt – Step 2: What to do if there are unsuspected debts – Step 3: Accepting or Refusing the Estate: Are You Unsure? In real estate matters, an heir who accepts an estate also undertakes to pay the deceased’s debts, even those …
How to Share an Undivided Property?
How to Share an Undivided Property? Summary Step 1: Try to divide the undivided property amicably Step 2: Apply for preferential allotment Step 3: Resort to judicial partition In the event of an inheritance or a divorce, the undivided property is distributed among the co-distributors (the heirs in the case of inheritance) according to their …
What Are Your Rights and Obligations as a Co-owner
What Are Your Rights and Obligations as a Co-owner Summary – Co-divider: definition – Rights and obligations of a co-owner – Co-dividend: private use of undivided property The co-divider holds rights to property without physically owning the property in its entirety. Co-divider: definition A co-divider – or undivided owner – is the person who …