Inheritances can bring conflicts, problems and debts. If you do not want to accept this responsibility, learn how to proceed.
No one is obliged to accept an inheritance and if you anticipate that debts or family conflicts may arise from it, you can refuse to exercise your succession rights. Even though he is legally an heir, he can express his intention not to receive these assets.
The waiver of inheritance is the legal act through which one or both members of the couple declare, while still alive, that they do not intend to receive any property in case the other spouse dies. Something that can happen, for example, to not harm children from previous relationships.
The repudiation of inheritance is another procedure that aims to reject being someone’s heir, but with the particularity that it can only be done after the owner of the assets has died.
These legal mechanisms have their own procedures and consequences for the other heirs, so it is important to know what to do and under what circumstances you can apply them.
If you want to know the details about the various ways to refuse an inheritance, read this article from Positive Balance and clarify all doubts.
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THE Positive Balance is Caixa Geral de Depósitos’ financial literacy website and aims to make life easier for the Portuguese with regard to money management with the regular publication of articles, news, guides and infographics.