Accepting or rejecting an inheritance
As an heir, you are entitled to a share of the estate. You may be an heir under a will or by operation of law. As an heir, you have the choice to accept the inheritance, accept it subject to benefit of inventory, or renounce it. The choice you make is important, as the consequences vary from case to case. This is because an inheritance comprises not only assets but may also include debts. If you accept the estate outright, you will also be liable for the debts with your personal assets.