A deceased's loans & debts at the bank in Greece
Last updated: July 2026 · Ελληνικά
A deceased's loans and debts don't 'disappear'. They are part of the estate and, if you accept it, you take them on — which is why the link to accepting/renouncing is critical.
Debts are part of the estate
Whoever accepts the inheritance takes on both the assets and the liabilities (debts). If the debts are large, consider acceptance with the benefit of inventory or renunciation — and watch the deadlines.
Loan insurance
Many mortgage and consumer loans come with life insurance that pays off the balance on death. Check whether such insurance exists — it may cover the loan and not burden the heirs.
Frequently asked questions
Do I inherit the deceased's loans?
If you accept the inheritance, yes — the debts pass to you. With the benefit of inventory or renunciation you can limit or avoid the liability; see the related guides and the deadlines.
Does the mortgage vanish on death?
Not automatically — but if there is life insurance linked to the loan, the balance may be paid off. Check the contract with the bank/insurer.
How do I find out if there were debts?
Notify the banks of the death and ask for a picture of the obligations. If you suspect over-indebtedness, speak to a lawyer before accepting.
Procedures and details may change — confirm the steps with the responsible authority. This guide provides practical guidance, not legal advice.
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