At the hard time of losing a loved one joins, in the following weeks to death, the administrative procedures to be carried out. One of the ones that causes more headaches is the distribution of the inheritance, especially if it is not known what happens to the debts of a deceased. Unfortunately for the beneficiaries, debts are inherited. The first thing that should be done to the heirs if they are not clear about the situation of the bank accounts of the deceased is to request the Central of Risks of the Savershand Bank the information they have in this regard. In this public service you can check for unpaid loans in your name. Read http://www.sepcsq.org/2019/12/05/how-debt-payday-loans/ for a critique
Can you give up the debts of a deceased?
If once they have all the information, the beneficiaries see that the debts of a deceased are greater than they can face, they have the option of giving up the inheritance. This option has been extended in recent years due to the economic crisis and the difficulty of coping with the payment of taxes that entails accepting the goods. In fact, the statistics collected by the College of Notaries from January to September 2017 show that the resignations rose 11.7% over the previous year.
If, on the contrary, the heirs are willing and have the financial resources to face the payment of debts, they can accept the inheritance. There are occasions that the debt can be the last years of mortgage of a house and that it is worthwhile to continue paying the monthly payments to conserve the property. It is true that when contracting a mortgage there is the possibility, and in some cases even the obligation, to take out life insurance that in case of death is responsible for paying the outstanding fees.
The heirs want to take care of the debts of a deceased
But do not have at the time of liquidity to settle them or to pay the inheritance tax. In these cases you can use a loan like those offered by Moneyjob Finance that offers the opportunity to have in a matter of minutes from 750 to 5,000 dollars.
There is an option that requires a little more formalities but that can be beneficial so that the debts of a deceased do not fall on the heirs: the inheritance for the benefit of inventory. With this formula, the pending accounts of the decedent are paid to the creditors with the assets that he had and if there is anything left over it is distributed among the people who have the right to receive his legacy, which does not jeopardize his assets. To qualify for this option, it must be done before a notary or by writing to the competent judge and, a very important point to consider, must be done in the first weeks after knowing that you have the right to inherit.
Before accepting an inheritance, it is necessary to investigate well what is being said yes. Those legacies that come with mansions and riches from an unknown uncle can only be seen in desktop movies. With families that still face the consequences of the economic crisis, what is more usual, unfortunately, in recent years is to have to face the debts of a deceased or be forced to give up the inheritance.