Insolvent succession and renounciation

Actions permitted to the heir in case of renonciation

• What acts can be carried out by an heir who renounces a succession?
• What property can receive an heir who renounces a succession?

Declaration of Heirs

• What is a declaration of heirs?
• In what situations can a declaration of heirs be useful?
• What is the purpose of a declaration of heirs?
• Is a declaration of heirs always required?
• What are the benefits of a declaration of heirs signed before a notary?
• What documents may be required to prepare a declaration of heirs?
• Does the declaration of heirs automatically confer the status of heir?
• Does the declaration of heirs replace a declaration of inheritance?

Renounciation to a succession

• Can we renounce a succession?
• Who must renounce a succession so that it is considered as unclaimed by the Minister of Revenue?
• Is there a time limit to renounce a succession?
• What are the effects of the renunciation to a succession?
• Can we cancel the renunciation to a succession?

Options

• What are the options when an estate is insolvent?