If you know that your deceased parent had outstanding loans, you will only have to pay them if you actually become an heir. You can refuse to be responsible for the debt, but then you will not inherit the property either: it cannot be inherited separately from the debts.
When a relative dies, it is worth assessing the value of his property and the amount of debt, and only then determine the advisability of entering into the inheritance. Let's look at several examples.
Example 1. Maria's father dies, and she knows for sure that he jordan mobile database had an outstanding consumer loan and a credit card. He also left behind a two-room apartment. Maria does not know how much her father owed before his death, and does not know the value of the apartment.
Now Maria needs:
find out the father's debt on a loan and credit card;
find out the market value of an apartment;
assess whether she will be able to sell the apartment, pay off the debt and remain in the black.
It is also important to consider that when selling the inherited apartment, Maria will have to pay income tax during the first three years. It will amount to 13% of the cost.
Maria goes to a notary, who looks up the amount of her father's debt in the credit bureau. It turns out that he has not paid 1.2 million rubles on a consumer loan, and the debt on the credit card is only 30,000 rubles. The notary also finds out the market value of the apartment - 2.5 million rubles. Even taking into account the payment for the notary's services and the payment of personal income tax, it is still advantageous for Maria to become an heir. She will sell the apartment and pay off the loan ahead of schedule. In addition, she is officially employed, and will be able to make a tax deduction later.
Example 2. Mikhail's father dies, and he doesn't have much property: an old car and a garage. The son knows nothing about his father's debts, but before accepting the inheritance, he decides to check his credit history just in case. He finds out that before his death, his father took out a loan for 600,000 rubles, which he didn't have time to repay. The car and garage can fetch no more than 650,000 rubles. The son decides that he shouldn't inherit from his father, so as not to be responsible for his obligations.