Erfenis
Inheritance
The estate comprises all assets and liabilities left by a deceased person to his heirs.
The inheritance, also referred to as the estate, comprises all assets and liabilities forming part of the deceased’s patrimony at the time of death. It passes by operation of law to the heirs, who succeed to the rights and obligations of the deceased.
The distribution of the estate takes place in accordance with statutory rules or any will. Heirs may accept the inheritance unconditionally, accept it under benefit of inventory, or renounce it, which affects their liability for debts.
In practice, a notary often supervises the administration of the estate, in which fiscal aspects such as inheritance tax also play a role.
“Following the death of her mother, the notary arranged the distribution of the estate among the three children.”
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