Renunciation of inheritance means refusing to inherit all of the inheritance including debts.
In order to renounce an inheritance, a person must make a statement to the family court within three months from the date on which he or she became aware of the commencement of the inheritance.
In the case of inheritance renunciation, unlike qualified acceptance, it is not necessary for all joint heirs to do so.
However, if you renounce the inheritance, the person who renounced the inheritance will be deemed to have never been an heir from the beginning, so there will be no inheritance as an heir per stirpes.
Life insurance money is not inherited property, so you can receive it even if you renounce inheritance.
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