Accretion of Renounced Successions Law and Legal Definition
Accretion of Renounced Successions deals with the distribution of a property renounced by its heir. The usual reason for renouncing a succession is that its debts are greater than its assets. A succession may also be renounced when the successors consider that its settlement will be too complex for the benefit to be gained. If only one heir renounces his or her share, that share is divided among the heirs accepting the succession. Generally, they do so by signing an act of renunciation in the presence of a notary. A successor who does not renounce a succession within the prescribed time is presumed to have accepted it.
