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curatorship Germany

German ProbateGerman Succession & Inheritance Law

How do you avoid to inherit debts in Germany?

Renounce the inheritance or apply for estate curatorship German succession laws contain a dangerous pitfall, the principle of universal and direct succession (the German legal buzzwords being: Universalsukzession and Direkterwerb). In contrast to the succession laws in Common Law jurisdiction, where the liability is automatically limited to the estate of the decedent, the default rule under German civil law is that heirs also inherit debts of the deceased - automatically! Direct and automatic succession means…
Bernhard Schmeilzl
April 24, 2020