Points to note when considering renunciation of inheritance
YAMAMOTO.AKIRAWhen the decedent dies, the property of the decedent passes to the heirs.
However, if the decedent has outstanding debts, the heir will inherit the debts along with the property.
Therefore, if there are more debts than assets, only debts will be inherited.
In such cases, renunciation of inheritance may be considered.
If the inheritance is renounced, the heir will not be an heir from the beginning, and will be exempted from paying the debts of the decedent.
What you need to be careful about here is the payment of the funeral expenses of the deceased.
Even if the funeral expenses of the decedent were paid out of the decedent's property, there are cases where the court has ruled that it is not a simple approval if it is within the socially acceptable range, but Its scope is not clear.
Therefore, if possible, it is better to avoid paying funeral expenses out of the decedent's estate.
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