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Why would you renounce an estate? In some instances, it may be wise to renounce the estate. For example, if the deceased has not made any provisions, the succession is said to devolve “intestate”: without a will. The transmission of the estate to the heirs is then organized by law. There are three cases in …
How is Estate Inventory Carried Out When the succession is opened, an inventory of the deceased’s inheritance can be made. When an individual dies, he or she leaves an estate. This patrimony generally consists of property, money, claims and debts. According to an established procedure, the entire estate is passed on to the heirs. This …
6 Steps to Settle an Estate Without a Notary Summary – Step 1: Determine if a notary is required – Step 2: Search for beneficiaries – Step 3: Search for creditors – Step 4: Obtain a certificate of inheritance and death – Step 5: Take the certificates to the deceased’s bank – Step 6: Declare …
7 Things Heirs Should Know Along with the sadness of the news of death come practical questions. Here’s a detailed look at everything heirs need to know when they are about to or have just inherited. The particulars of the succession option The option of succession is the possibility for an heir to accept or refuse an …
How to Get Out of Undivided Ownership Summary – Ways to get out of undivided ownership – Rules for leaving undivided ownership – Getting out of undivided ownership: the particular case of undivided succession Ways to get out of indivision There are 3 ways to end indivision: the sale of the undivided property, the sharing …