Can I renounce the debt inheritance from my mother?

If debts exceed assets, heirs may feel burdened by having to repay them.

In such cases, debt inheritance renunciation can be considered.

Debt inheritance renunciation is a procedure where the heir expresses their intent to the court not to inherit both the deceased's property and debts.

That is, the heir extinguishes the effects of inheritance.

If you wish to renounce debt inheritance, you must file an inheritance renunciation report with the family court within 3 months from the date of inheritance commencement.

Once this report is accepted, the heir's status is extinguished and the deceased's property and debts pass to the next-priority heirs.

However, since inheritance renunciation must be made for the entire inheritance including all of the deceased's property and debts, it is impossible to inherit only some property or renounce only debts.

This inheritance renunciation system is a more advantageous method when debts exceed inheritable property.

Debt inheritance renunciation reports are made through the family court, and the court reviews the inheritance renunciation and issues a written ruling.

Please consult with a specialist attorney for details.