Save taxes by renouncing an inheritance | EUROtoday

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Uncle Günther dies, and his nephew Max turns into the only real inheritor. The two had hardly any contact throughout his lifetime, and the household not often had good issues to say about his uncle: he was a gambler and a womanizer. And when he did have cash, it was rapidly gone, as was heard at numerous household celebrations. So what ought to the nephew do? Refuse the inheritance? And what if the tales about Uncle Günther are largely true, however he had a fortunate hand along with his investments and left behind a portfolio with a substantial sum of securities?