Inheritance Law / Renouncement of Inheritance

If a testator has left debts which are more than the property to be inherited, then the heir may decide to renounce the inheritance.
According to Inheritance Law, the heir may renounce the inheritance within a timeframe of 4 months from the time that he/she found out of the death and if the deceased left a Will, then the 4 months start ‘running’ from the date that the Will was probated. If however, the deceased lived outside of Greece or the heir lives outside of Greece the timeframe is 1 year.
Once the heir has renounced the inheritance, he does not inherit anything from the estate, meaning that he may not renounce only the debts and inherit for instance a house. The renouncement may not be reversed.