{"id":14083,"date":"2025-06-20T06:34:06","date_gmt":"2025-06-20T05:34:06","guid":{"rendered":"https:\/\/firmalex.com\/?p=14083"},"modified":"2025-06-21T06:35:48","modified_gmt":"2025-06-21T05:35:48","slug":"accept-or-reject-the-inheritance","status":"publish","type":"post","link":"https:\/\/firmalex.com\/en\/2025\/06\/20\/accept-or-reject-the-inheritance\/","title":{"rendered":"Accept or reject the inheritance"},"content":{"rendered":"\n<blockquote class=\"wp-block-quote\">\n<p>When receiving an inheritance, the question may arise as to whether it is better to accept or reject the inheritance, especially if you are not entirely clear about everything the deceased owned.<\/p>\n<\/blockquote>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 ez-toc-wrap-center counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\"><\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/firmalex.com\/en\/2025\/06\/20\/accept-or-reject-the-inheritance\/#Why_consider_rejecting_the_inheritance\" >Why consider rejecting the inheritance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/firmalex.com\/en\/2025\/06\/20\/accept-or-reject-the-inheritance\/#When_to_reject_the_inheritance\" >When to reject the inheritance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/firmalex.com\/en\/2025\/06\/20\/accept-or-reject-the-inheritance\/#The_rejection_of_the_inheritance_is_irrevocable\" >The rejection of the inheritance is irrevocable<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/firmalex.com\/en\/2025\/06\/20\/accept-or-reject-the-inheritance\/#How_to_reject_the_inheritance\" >How to reject the inheritance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/firmalex.com\/en\/2025\/06\/20\/accept-or-reject-the-inheritance\/#The_consequences_of_renouncing_an_inheritance\" >The consequences of renouncing an inheritance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/firmalex.com\/en\/2025\/06\/20\/accept-or-reject-the-inheritance\/#Acceptance_for_the_benefit_of_inventory_as_an_alternative_to_rejection_of_the_inheritance\" >Acceptance for the benefit of inventory as an alternative to rejection of the inheritance<\/a><ul class='ez-toc-list-level-5' ><li class='ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/firmalex.com\/en\/2025\/06\/20\/accept-or-reject-the-inheritance\/#How_acceptance_for_the_benefit_of_inventory_is_carried_out\" >How acceptance for the benefit of inventory is carried out<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/firmalex.com\/en\/2025\/06\/20\/accept-or-reject-the-inheritance\/#Deadlines_for_acceptance_for_the_benefit_of_inventory\" >Deadlines for acceptance for the benefit of inventory<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/firmalex.com\/en\/2025\/06\/20\/accept-or-reject-the-inheritance\/#Further_information\" >Further information<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/firmalex.com\/en\/2025\/06\/20\/accept-or-reject-the-inheritance\/#Solve_your_doubts\" >Solve your doubts<\/a><\/li><\/ul><\/nav><\/div>\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_consider_rejecting_the_inheritance\"><\/span>Why consider rejecting the inheritance<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p><strong>When an inheritance is accepted, personal assets undergo changes related to both the deceased&#8217;s assets and rights, as well as any debts <\/strong>they owed.<\/p>\n\n\n\n<p>That&#8217;s why <strong>Each specific case must be analyzed <\/strong>to determine whether the best decision would be to reject the inheritance or whether other decisions can be made.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"When_to_reject_the_inheritance\"><\/span>When to reject the inheritance<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>There are some cases in which it is ideal to reject the inheritance.<\/p>\n\n\n\n<p>This often occurs <strong>when the deceased leaves more debts than assets, or when the heir is unable to pay certain taxes <\/strong>associated with the inheritance, such as the Inheritance and Gift Tax and the municipal capital gains tax.<\/p>\n\n\n\n<p>Normally the best option will be to reject the inheritance <strong>when there are significant debts that make the assets and rights worthless.<\/strong><\/p>\n\n\n\n<p>This occurs when there are <strong>large loans, mortgages, or similar,<\/strong> and the assets are not very valuable. Having to make payments doesn&#8217;t compensate for the ownership of the assets.<\/p>\n\n\n\n<p>Another common reason for rejecting an inheritance is <strong>that accepting it would entail facing large expenses or future liabilities <\/strong>related to the assets to be inherited. For example, if we inherit a dilapidated home or one that requires significant repair or maintenance costs.<\/p>\n\n\n\n<p>Receiving <strong>assets that are legally complex,<\/strong> whether because they belong to many people in small shares or because they are complicated to sell or manage, can also be a reason to reject the inheritance.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_rejection_of_the_inheritance_is_irrevocable\"><\/span>The rejection of the inheritance is irrevocable<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p><strong>When making the decision, it&#8217;s important to know that both acceptance and renunciation must be made in full.<\/strong> They cannot be made conditionally, subject to a deadline, or in part.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_reject_the_inheritance\"><\/span>How to reject the inheritance<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Once the decision to reject the inheritance has been made, you must <strong>know what steps to take to do so.<\/strong><\/p>\n\n\n\n<p>The key in these cases is that it&#8217;s an express waiver that must be formalized before a notary in a public deed. Therefore, <strong>you must go to a notary and follow their instructions.<\/strong><\/p>\n\n\n\n<p>Notaries <strong>must inform you of the consequences of renouncing your inheritance, advise you, and answer any questions <\/strong>related to the process.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_consequences_of_renouncing_an_inheritance\"><\/span>The consequences of renouncing an inheritance<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>The <strong>consequences <\/strong>of renouncing an inheritance are:<\/p>\n\n\n\n<ul>\n<li>of the assets and rights of the inheritance <strong>cannot be accessed.<\/strong><\/li>\n\n\n\n<li><strong>You have to give up everything,<\/strong> it can&#8217;t be done partially.<\/li>\n\n\n\n<li><strong>The portion of the inheritance that is rejected will increase the portion of the inheritance of the legitimate heirs <\/strong>who have accepted it.<\/li>\n<\/ul>\n\n\n\n<p><strong>An alternative to rejecting the inheritance is to accept the inheritance with the benefit of inventory.<\/strong> In the latter case, if the inheritance entails debts, these will not affect the estate of the heirs and will be settled with the assets of the estate itself. The heirs will receive any remaining debt.<strong><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Acceptance_for_the_benefit_of_inventory_as_an_alternative_to_rejection_of_the_inheritance\"><\/span>Acceptance for the benefit of inventory as an alternative to rejection of the inheritance<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Accepting the inheritance with the benefit of inventory <strong>is a legal option with which the heirs can accept the inheritance without having to face debts,<\/strong> which may even exceed the value of the inherited assets.<\/p>\n\n\n\n<p>This decision protects the heir&#8217;s personal assets.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_acceptance_for_the_benefit_of_inventory_is_carried_out\"><\/span>How acceptance for the benefit of inventory is carried out<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>The <strong>steps <\/strong>followed in accepting the inheritance for the benefit of inventory are as follows:<\/p>\n\n\n\n<ul>\n<li><strong>Formal acceptance.<\/strong> The heir must formally express his or her willingness to accept the inheritance for the benefit of inventory.<\/li>\n\n\n\n<li><strong>Inventory.<\/strong> A detailed inventory is made of the estate&#8217;s assets and debts.<\/li>\n\n\n\n<li><strong>Filing before a notary.<\/strong> The inventory is submitted to a notary for approval.<\/li>\n\n\n\n<li><strong>Payment of debts.<\/strong> Debts are paid from the assets of the inheritance.<\/li>\n\n\n\n<li><strong>Distribution of remaining assets.<\/strong> If any assets remain after paying debts, they are distributed among the heirs.<\/li>\n<\/ul>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Deadlines_for_acceptance_for_the_benefit_of_inventory\"><\/span>Deadlines for acceptance for the benefit of inventory<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>There are differences in the <strong>deadlines depending on the situation:<\/strong><\/p>\n\n\n\n<ul>\n<li><strong>If the heir already has the inheritance or part of it in his possession,<\/strong> he must communicate his decision within 30 days.<\/li>\n\n\n\n<li><strong>If the heir does not have the inheritance in his possession,<\/strong> the deadline to communicate his decision is 30 days from the expiration of the deadline to accept or reject the inheritance.<\/li>\n<\/ul>\n\n\n\n<p>Accepting or rejecting the inheritance is an important decision because it affects the heir&#8217;s assets. It is advisable to do so in certain cases, such as when there are significant debts or expenses related to the assets. In this case, you will need to consult a notary. There is also the option of accepting the inheritance with the benefit of inventory.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Further_information\"><\/span>Further information<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>This article is part of our service <a href=\"https:\/\/firmalex.com\/en\/inheritance-tax-spain-non-resident-foreigner-expat-costa-blanca-valencia-alicante-denia\/\" target=\"_blank\" rel=\"noreferrer noopener\">Inheritance in Spain<\/a>. Visit this section where you will find all the useful information on this topic, including a complete guide on <a href=\"https:\/\/firmalex.com\/en\/inheritance-in-spain-with-a-non-resident-expat-or-foreigner\/\" target=\"_blank\" rel=\"noreferrer noopener\">Inheritance in Spain with a non-resident, expat or foreigner<\/a>.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Solve_your_doubts\"><\/span>Solve your doubts<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>&#x2705; Our staff speaks perfectly Spanish, Valencian, English and German with what will be able to communicate with us in your own language and thus clearly resolve your queries.<\/p>\n\n\n\n<p>&#x1f4cd; Denia \u2013 Plaza del Convento, 6 &#8211; Mezzanine floor door B<br>&#x1f4cd; Valencia \u2013 Calle Creu Roja, 1 &#8211; Block 6, Floor 1, door 10 (* only by appointment)<\/p>\n\n\n\n<p>&#x2709;&#x1f4de; Contact: <a href=\"mailto:info@firmalex.com\" target=\"_blank\" rel=\"noreferrer noopener\">info@firmalex.com<\/a> \u2013 Tel. <a href=\"tel:+34966421416\" target=\"_blank\" rel=\"noreferrer noopener\">+34 966 421 416<\/a> \u2013 Whatsapp <a href=\"https:\/\/wa.me\/34622497615\" target=\"_blank\" rel=\"noreferrer noopener\">+34 622 497 615<\/a> <\/p>\n\n\n\n<p>Follow us: <a href=\"https:\/\/www.facebook.com\/FIRMALEXcom\" target=\"_blank\" rel=\"noreferrer noopener\">Facebook<\/a> &#8211; <a href=\"https:\/\/www.linkedin.com\/company\/firmalexcom\/\" target=\"_blank\" rel=\"noreferrer noopener\">LinkedIn<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When receiving an inheritance, the question may arise as to whether it is better to accept or reject the inheritance, especially if you are not entirely clear about everything the deceased owned. Why consider rejecting the inheritance When an inheritance is accepted, personal assets undergo changes related to both the deceased&#8217;s assets and rights, as [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":14084,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[244,210,236],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Accept or reject the inheritance - FIRMALEX<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/firmalex.com\/en\/2025\/06\/20\/accept-or-reject-the-inheritance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Accept or reject the inheritance - FIRMALEX\" \/>\n<meta property=\"og:description\" content=\"When receiving an inheritance, the question may arise as to whether it is better to accept or reject the inheritance, especially if you are not entirely clear about everything the deceased owned. 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