Renounce against compensation

Renouncing the Inheritance Against Fair Financial Compensation If you have inherited in Germany but are not the only beneficiary, you may get tied up in the administration of such a German estate for years, because under German succession law, there is no personal representative (i.e. executor or administrator). Instead, the co-heirs (Miterben) deal with the estate themselves. Such a community of beneficiaries is called "Erbengemeinschaft". The practical problem: They have to work together and most…