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Is Debt Inherited in China?
Is Debt Inherited in China?

Is Debt Inherited in China?

Is Debt Inherited in China?

The answer is yes.

If the heir agrees to inherit, he needs to inherit the debt while inheriting the property.

If the heir disclaims/declines an inheritance, he does not need to inherit the debt.

If the heirs are to inherit an estate from the decedent, the estate should be used to pay the decedent’s taxes and debts before it’s partitioned.

If the entire estate cannot cover the taxes and debts, they shall be paid to the extent of the estate. And the heirs are not responsible for the remaining taxes and debts.

Heirs who disclaim inheritance assume no responsibility for the payment of such taxes and debts.






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