Let’s find out how to apply for inheritance renunciation and the cost of the document form procedure. Before applying for inheritance renunciation, when it becomes known that there is a debt, which is a debt, in the property of the ancestor, proceed with the inheritance renunciation or limited approval procedure. However, the application must be filed with the Family Court within three months from the date on which you learn that there is a commencement of inheritance.
Please use this article as a reference only and check with your legal representative for details.
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We will check how to apply for inheritance renunciation and document procedures.
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renunciation
Before checking how to apply for inheritance renunciation, let’s check the basic concept of inheritance renunciation. Inheritance renunciation refers to an expression of intent by an heir for the purpose of extinguishing the effect of inheritance. If you want to renounce inheritance, you can file a report of renunciation of inheritance with the Family Court.
Also, please note that since it is a waiver of the qualification as an heir, only the abandonment of all inherited property is recognized, and partial or conditional abandonment is not permitted.
How to apply for inheritance renunciation
Before applying for inheritance renunciation, fill out the information such as the name of the person concerned in the application form for inheritance renunciation, and fill in details such as the relationship with the heir and the reason for renunciation. Prepare the paperwork and file a waiver with the Family Court.
▶️ Application for heir financial transaction inquiry service
Inheritance renunciation report submission documents
Address, name and date of birth of the party concerned, address and name of the agent when requesting by the agent
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
Because the document preparation or process is complicated, it may be more accurate for those who have difficulties to proceed with the help of a legal representative. On the website of the Supreme Court, you can check various information such as the electronic civil petition center and forms.
Supreme Court website
Inheritance Abandonment Report Form
After accessing the Supreme Court website, you can download the application form for inheritance renunciation and fill out the form after downloading it from the form menu. However, as mentioned above, if you experience difficulties in filling out the documents, it is good to seek help from a legal representative to fill out the report.
Inheritance Abandonment Costs
Stamp fee 4,500 won
Transit voucher 5,000 won
Delivery charge 31,200 won
Fee 99,000 won
no postage
※ There may be a difference in inheritance abandonment cost.
limited approval fee
Stamp fee 4,500 won
Transit voucher 5,000 won
Delivery charge 31,200 won
Fee 264,000 won
no postage
Newspaper announcement fee 55,000 won
※ There may be a difference in the cost of limited approval.
Inheritance renunciation limited approval difference
Inheritance renunciation and limited acceptance are methods for not receiving debt inheritance. Inheritance renunciation is not inheriting the deceased’s debts and property at all, and limited acceptance is when there is property remaining after repaying debt within the scope of the deceased’s property. It says only what you have.
It is said that it is advantageous to give up inheritance if there is no property to be inherited and only debts. However, in case of renunciation of inheritance, the right of inheritance passes to the heirs in the lower order. Therefore, it is said that all family members within the 4th degree in the order of inheritance must apply for inheritance renunciation. Therefore, it is said that it is advantageous to apply for limited approval rather than renunciation of inheritance when there are many relatives included in the inheritance order.
However, if you apply for limited approval, you have to go through the property distribution process to pay off debts within the scope of your property, so it is recommended that you consult with a legal expert in detail because the process is complicated and difficult.
▶️ Application for non-consultation for inheritance problems
The HelpMe website provides counseling services for inheritance renunciation and limited approval.
Inheritance renunciation application period
If you find out that the deceased is deceased or that you have a debt due to the renunciation of property inheritance, you can apply for a report of inheritance renunciation to the court having jurisdiction over the address of the deceased within 3 months from the date of knowledge.
We have organized how to apply for inheritance renunciation. It is said that by giving up inheritance, you do not have to pay the remaining debt instead. Please use this article as a reference only and check with a legal expert for details.