4 ms·
The second option would be to deny the inheritance.. I'm pretty sure that most poor people do that. The inheritance is rarely worth the potential liability unle
by y4mi 8y ago
The second option would be to deny the inheritance.. I'm pretty sure that most poor people do that. The inheritance is rarely worth the potential liability unless the deceased was financially secure... And this doesn't apply to a big part of the population.
We've got inheritance lawyers in Germany that can help people figure out wherever accepting a specific inheritance is a smart move... But that often isn't really worth it either.
- chrisseaton 8y ago> Either the court figues out if there is any inheritance and distributes everything left over after settling any debts... Or the inheritor has to figure everything out himself, potentially indebting himself because he didn't know about a debt. But I still don't get it. Option one is to get just your remaining inheritance after any debts are paid, with the court doing all the work. Option two is to get everything and then pay the debts yourself. Option one is zero risk and you get everything you're entitled to. Why would anyone refuse the inheritance instead of taking this option? Option two has some risk and some potential reward. I can understand not taking that option, but there's no reason at all to not take option 1.
- taejo 8y agoThese are not the two options available in Germany: y4ml was comparing the German situation to the common-law one. They are saying that in Germany, the options are: accept both the assets and liabilities, or reject both.