How to find out if the deceased has debts
Posted: Tue Feb 18, 2025 9:21 am
It is necessary to apply for an extract from the Credit History Bureau through a notary. Only with a notarized power of attorney will a third party be granted access to information about debts.
To prevent the accrual of penalties on a loan after the death of a relative, you must contact the bank, providing a copy of the death certificate. However, penalties accrued during life are also inherited.
Heirs can also pay off the debts of a deceased relative before they inherit. This will simplify the inheritance process. Information on the details for paying off the debt can be obtained from the notary who is handling the inheritance case.
Who inherits the debt and in what proportion?
If a person does not have a will, his property will be distributed vietnam mobile database in accordance with the law of inheritance. The first-order heirs are the children, spouses and parents of the deceased. These persons have the right to equal shares of the inheritance.
Heirs are liable for the debts of the deceased only within the limits of the portion they inherited. That is, they cannot receive debts greater than the value of the property received, according to Article 1175 of the Civil Code.
Family members also have the right to inherit the property in full, according to their share, or to refuse it completely. If you decide to refuse loans and inheritance, be sure to inform your notary about this for further information.
If you decide to inherit property, you must pay close attention to your responsibilities and pay off all the debts of the testator from your share.
Sergey inherited an old Skoda from his grandfather, but his joy was short-lived: along with the car, which could be sold for 120 thousand rubles at best, he inherited his grandfather's debt for utility payments of 150 thousand rubles. He will have to pay it if Sergey wants to use the car or sell it.
It is important to follow all the rules and requirements when inheriting in order to avoid possible misunderstandings and conflicts with other heirs, if any.
To prevent the accrual of penalties on a loan after the death of a relative, you must contact the bank, providing a copy of the death certificate. However, penalties accrued during life are also inherited.
Heirs can also pay off the debts of a deceased relative before they inherit. This will simplify the inheritance process. Information on the details for paying off the debt can be obtained from the notary who is handling the inheritance case.
Who inherits the debt and in what proportion?
If a person does not have a will, his property will be distributed vietnam mobile database in accordance with the law of inheritance. The first-order heirs are the children, spouses and parents of the deceased. These persons have the right to equal shares of the inheritance.
Heirs are liable for the debts of the deceased only within the limits of the portion they inherited. That is, they cannot receive debts greater than the value of the property received, according to Article 1175 of the Civil Code.
Family members also have the right to inherit the property in full, according to their share, or to refuse it completely. If you decide to refuse loans and inheritance, be sure to inform your notary about this for further information.
If you decide to inherit property, you must pay close attention to your responsibilities and pay off all the debts of the testator from your share.
Sergey inherited an old Skoda from his grandfather, but his joy was short-lived: along with the car, which could be sold for 120 thousand rubles at best, he inherited his grandfather's debt for utility payments of 150 thousand rubles. He will have to pay it if Sergey wants to use the car or sell it.
It is important to follow all the rules and requirements when inheriting in order to avoid possible misunderstandings and conflicts with other heirs, if any.