Obtaining the inheritance often involves pros and cons, on the one hand the income and on the other the debts that are connected.
When you inherit assets from a friend or family member you should always be careful because accepting them effectively means taking everything that comes from it, which they are not necessarily just funds and assets but they can also be debt conditions that need to be taken care of.
Inheritance and debts, how it works (cityrumors.it)
Many do not know this and therefore think, once contacted by the notary, of finally be in possession of a nice nest egg. Yet, that same potentially optimal condition can turn out to be totally different from a practical point of view.
Inheritance, like having it by giving up debt
A person’s legacy is everything that she left behind when she passed away, therefore on one side the assets and on the other the debts. It doesn’t just mean funds, houses, precious objects and it’s right to specify it because it’s what no one thinks about, only to find themselves in trouble later.
What are the debts that are not paid (cityrumors.it)
However, the law is very clear and you need to know it in depth to be able to make any hypothesis and above all understand how be able to benefit from the inheritance without taking on debts that do not concern your person.
When an inheritance is notified, before accepting or rejecting, you must always ask for specific documentation to know the general situation so as to have a clear picture, especially of the debts, otherwise you will be fooled by the inherited assets and end up paying more than you received.
In fact, according to what is established by law, the fines and bills that are open with the tax authorities, they do not have to be paid by the heirs. This means that even by accepting the inheritance it is true that one takes charge of the debts of the deceased but not of all, only of some because others they are not considered valid as they are linked to the person and not to the assets. Therefore, once the succession for the transmission of the assets has been made, some of these will be valid and others not. However, should they still appear in the debt condition, it is possible to appeal through legal channels to have that specific amount repaid.
Indeed, according to the Supreme Court when the person affected by these debts dies, the sanction is effectively discontinued. In fact, tax laws provide for penalties that expire upon death. This happens for this type of debt but it cannot be generalized to everyone and care must be taken because other types of debt remain and therefore will have to be paid by the person who accepts the inheritance. However, everyone always has the possibility of rejecting it, therefore not accepting any goods or even debts.
2024-02-07 22:30:07
#Inheritance #fines #tax #bills #heres #loophole #saves #Cityrumors #Abruzzo
