{"id":5522,"date":"2012-05-01T19:43:11","date_gmt":"2012-05-01T19:43:11","guid":{"rendered":"https:\/\/gregorydamy.niceavocats.fr\/?p=5522"},"modified":"2023-08-24T12:11:14","modified_gmt":"2023-08-24T12:11:14","slug":"what-if-there-are-debts-in-my-estate","status":"publish","type":"post","link":"https:\/\/gregorydamy.niceavocats.fr\/en\/what-if-there-are-debts-in-my-estate\/","title":{"rendered":"What if there are debts in my estate?"},"content":{"rendered":"

[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”4.19.5″ custom_margin=”||0px||false|false” custom_padding=”||0px||false|false” locked=”off” global_colors_info=”{}”][et_pb_row column_structure=”1_3,1_3,1_3″ _builder_version=”4.19.5″ _module_preset=”default” background_enable_mask_style=”on” background_mask_style=”wave” background_mask_color=”rgba(0,0,0,0.08)” custom_padding=”||6px|||” locked=”off” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_circle_counter title=”Estimated reading time (in minutes)” number=”2″ percent_sign=”off” _builder_version=”4.20.2″ _module_preset=”default” title_font=”Amiri||||||||” max_width=”137px” global_colors_info=”{}”][\/et_pb_circle_counter][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.19.5″ _module_preset=”default” custom_margin=”||0px||false|false” custom_padding=”||0px||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_divider _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=”row” _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/gregorydamy.niceavocats.fr\/wp-content\/uploads\/2023\/07\/man-5710164_1280-2.jpg” title_text=”man-5710164_1280-2″ _builder_version=”4.21.0″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″][\/et_pb_image][et_pb_text admin_label=”Text” _builder_version=”4.21.0″ text_font=”Amiri||||||||” header_2_font=”Amiri||||||||” header_3_font=”Amiri||||||||” background_size=”initial” background_position=”top_left” background_repeat=”repeat” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

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When you inherit a heritage, there can be\u00a0\u00a0<\/span>assets\u00a0<\/span>\u00a0but also debts.\u00a0<\/span>What are the possible choices?\u00a0<\/span><\/span>When should the decision be made?<\/span><\/p>\n

WHEN should the decision be made?<\/span><\/h2>\n

When you inherit an\u00a0<\/span>inheritance<\/span><\/a>\u00a0, you have 4 months to decide whether to accept it or not.\u00a0This period may be extended by the judge in chambers in certain cases.\u00a0Each heir is free to make a choice that does not bind the others.\u00a0Before making a decision, it is important not to use the inheritance of the deceased as this will be considered as an \u201c\u00a0\u00a0<\/span>\u00a0outright\u00a0<\/span>acceptance of the inheritance\u201d.<\/span><\/p>\n

ACCEPT the inheritance purely and simply<\/span><\/h2>\n

If one accepts a “pure and simple” inheritance, one is obliged to pay all the debts of the deceased.\u00a0If there are several heirs, each pays off the debts up to their share in the estate.\u00a0For example, if there are two heirs, each pays half of the claims.\u00a0The creditors have the possibility of pursuing the settlement of the debts on the heritage of the succession, but also on the own heritage of the heir.\u00a0They can therefore seize his salary or his accommodation if the debt justifies it.<\/span><\/p>\n

ACCEPT the inheritance after inventory<\/span><\/h2>\n

When you are aware of the estate, you can request that an inventory be drawn up at your expense.\u00a0A period of two months is granted, from the day of the opening of the succession, to make the inventory.\u00a0This makes it possible to assess the assets and liabilities of the deceased’s estate, and to see if the debts are significant.\u00a0This can be done through a notary, a bailiff or an auctioneer.\u00a0In case of doubt on the amount of the debts, it is advisable to make a declaration to the court of first instance indicating that the succession is accepted “up to the amount of the net assets”.\u00a0Thus, one will be required to pay the debts, but only with the contribution that the inheritance will have provided.\u00a0Personal property will be safe and unseizable.<\/span><\/p>\n

RENUNCIATION of inheritance<\/span><\/h2>\n

If the debts are significant, it is possible to renounce the inheritance.\u00a0This can be done right after death or after taking inventory.\u00a0To renounce the succession, an \u201cexpress\u201d declaration must be made to the tribunal de grande instance of the place where the succession is opened.\u00a0This declaration allows you to be excluded from any payment of debts.\u00a0We will also be excluded from the property of the deceased.<\/span>
Soci\u00e9t\u00e9 d’Avocats DAMY<\/span><\/a>\u00a0, Nice, What should I do if there are debts in my estate?, Update 2022.<\/span><\/p>\n<\/div>\n

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When you inherit a heritage, there can be\u00a0\u00a0assets\u00a0\u00a0but also debts.\u00a0What are the possible choices?\u00a0When should the decision be made? WHEN should the decision be made? When you inherit an\u00a0inheritance\u00a0, you have 4 months to decide whether to accept it or not.\u00a0This period may be extended by the judge in chambers in certain cases.\u00a0Each heir is […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[303],"tags":[],"class_list":["post-5522","post","type-post","status-publish","format-standard","hentry","category-family-law"],"yoast_head":"\nWhat if there are debts in my estate? - Soci\u00e9t\u00e9 d'avocats Damy<\/title>\n<meta name=\"description\" content=\"What if there are debts in my estate? 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