How long does it take to inherit?

In today's post we will answer this question.

How long does it take to inherit

You have to bear in mind that the term to manage the inheritance begins when a person dies and not before.

However, the answer is not so easy because other factors must be taken into account that can shorten or extend the term.

Deadline for obtaining inheritance documents

You must wait 15 business days and go to a lawyer to get the certificate of last wills, which will allow you to know if there is a will or not. Taking into account the existence or not of a will, the term to inherit will be different.

Inheritance with will

The certificate of last wills is essential to manage an inheritance. This document shows if there is a will and in which notary the last one is made. Then you will have to go to the notary and see what the will of the testator is.

Then, knowing what is stated in the will, you will have to accept the inheritance or renounce it, to later proceed to the distribution of the inheritance assets.

It should be noted that if the heirs agree, the entire process will be faster.

Inheritance without a will or ab intestate

For the situation in which there is no will, it is necessary to make a declaration of heirs to know who the heirs are. As a consequence of this the process will be delayed a little more.

To be exact, once the declaration request is initiated, 20 business days must elapse.

In the same way as in the previous case with a will, once the heirs are known, everything will depend on the goodwill of the parties so that everything is processed more quickly or not.

We have had cases where, due to disagreement between the heirs, the inheritance had not been distributed for more than 15 years.

Deadline to file the Inheritance Tax

Whether or not the inheritance has been managed, you are obliged to file the inheritance tax within 6 months of death.

It is important to take this issue into account, because you can be penalized for not presenting it.

Filing the tax is perhaps the most important term in an inheritance because it can have economic consequences for the heirs, who can see how they impose a penalty for not filing the return on time.

With the terms explained, you can get an idea of ​​how long it takes to collect an inheritance.

In conclusion, we want to remind you that the duration of the inheritance management process depends to a great extent on whether the heirs agree or not.

If you have problems with the processing of an inheritance and you want to speed it up, do not hesitate to contact us.

At Audacia Lawyers we are experts in inheritance.