Article 776
ELI5— what this means for you
The inheritance includes all property, rights, and obligations of a person that are not extinguished by death. Heirs do not just receive assets — they may also inherit debts.
Key point
Heirs inherit both the assets AND the debts of the deceased — up to the value of what they receive.
Official text — RA 386
The inheritance includes all the property, rights and obligations of a person which are not extinguished by his death. (659)
Source: lawphil.net (RA 386 as amended)
Related
RELATED RIGHTS
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