Who is responsible for the outstanding balance in the event of death?

The liability will depend on the individual case, as each of the heirs can:

Accept the inheritance outright

The heir will be liable for all the burdens of the inheritance, not only with the assets of the inheritance, but also with his or her own.

Accept the inheritance for the benefit of an inventory

This must be done before a notary within the deadlines and in accordance with the requirements stipulated by law. Only the assets of the inheritance are liable for the payment of debts and charges, and the heir is not liable with his own assets.

Repudiate the inheritance

This must be done before a notary. The heir will not receive the assets of the inheritance, nor is he/she liable for the burdens.

In either case, our team will be happy to answer any questions that all of the above may cause you, regardless of what you decide to do.