What is the difference between qualified acceptance of inheritance and inheritance renunciation?

Qualified acceptance of inheritance means the heir succeeds to the deceased's debts but the responsibility is limited only within the inherited property.

In other words, you are responsible for debts only up to the inherited property and do not bear anything beyond that.

By making qualified acceptance, you are responsible only within the scope of the inherited property, so you only repay part of the debt and do not inherit the rest.

On the other hand, inheritance renunciation is the heir's submission to the court of the intention not to inherit any of the deceased's property and debts.

If you renounce inheritance, the heir is treated as not being an heir from the beginning and does not succeed to the deceased's debts at all.

In other words, a person who renounces inheritance does not inherit any of the deceased's property and debts and can avoid debts.

However, if the first heir renounces inheritance, the debt is transferred to the second heir, so all heirs must renounce inheritance to be completely free of debt.

Both inheritance renunciation and qualified acceptance of inheritance must be reported to the family court within 3 months from the day you became aware of the inheritance opening.

If the debt exceeds the property to be inherited, we recommend inheritance renunciation; otherwise, we recommend qualified acceptance.

For details, please confirm through consultation with a specialist attorney.