If your parents died and you have property to inherit, but the debt in your parents’ name is greater, there must be some people who give up inheritance. You can find out the inheritance renunciation procedure and inheritance renunciation deadline, and download the inheritance renunciation memorandum form from the attachment below.
Inheritance renunciation procedure inquiry, period, document conditions (memorandum form) shortcut
Inheritance renunciation procedure, deadline, documents, memorandum form (download)
What is inheritance renunciation?
Renunciation of inheritance is an expression of the heir’s intention to extinguish the effect of inheritance. A partial or conditional waiver is not considered a waiver of inheritance.
In order to renounce such inheritance, a report of renunciation of inheritance must be filed with the Family Court to take effect.
Inheritance renunciation procedure
If there are multiple heirs, if one of the heirs renounces the inheritance, the portion of the inheritance will be distributed to the other heirs in a certain proportion.
Let’s find out the limit of inheritance tax exemption.
Inheritance renunciation procedure
In order to renounce inheritance, the heir must file a renunciation report with the Family Court.
You must prepare the documents necessary for the renunciation of inheritance and submit them to the competent family court. The court with jurisdiction over the Family Court is the court that has jurisdiction over the last address of the decedent (deceased).
Inheritance renunciation procedure
[Required Documents for Renunciation of Inheritance]
Inherited property renunciation request
Certificate of family relationship (detailed), copy of resident registration
Certificate of seal impression of the applicant (confirmation of the fact that the person signed), certificate of seal impression of the legal representative in the case of minors
Basic certificate (detailed), family relation certificate (detailed) according to the closed family relation register of the deceased (deceased)
Copy of resident registration where the decedent was canceled
Family tree (if not a direct descendant)
How to apply for property inquiry of the deceased 5 steps, period (integrated processing of parents and families)
[Inheritance renunciation application fee]
When submitting documents for renunciation of inheritance, you must pay 5,000 won in cash for each copy as many as the number of claimants.
The forwarding fee for the number of claims * postage * 6 times must be paid to the designated bank.
Request for adjudication for abandonment of inherited property
This is the content that must be included in the application for judgment for abandonment of inherited property in the attached file below.
Inheritance waiver procedure memorandum
Address, name, date of birth of the party concerned, address of the agent when the agent makes a claim, name
Purpose and cause of claim
date of claim
indication of family court
Name and Last Address of the Decedent
relationship with ancestor
The day I didn’t know there was an inheritance
renunciation of inheritance
Legal inheritance ratio (parents, spouse, son, daughter-in-law?)
Inheritance renunciation deadline
When inheritance commences, the heir may give simple approval, limited approval, or renunciation of inheritance within three months from the date on which he or she becomes aware of the commencement of inheritance.
If you do not give up inheritance within 3 months, it will be regarded as simple approval to succeed the rights and obligations (property, debt, etc.) of the ancestor without restriction.
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Inheritance renunciation form form
Inheritance renunciation form form
The following is a request for judgment on the renunciation of inherited property and a general inheritance renunciation memorandum.
You can download and refer to it.
[Inheritance renunciation form]
Request for trial for abandonment of inherited property.hwp
0.07MB
Inheritance renunciation memorandum.hwp
0.01MB
Above, we learned about the inheritance renunciation procedure, deadline, required documents, and forms. It is best to seek advice from a related legal expert regarding inheritance renunciation that suits your situation.