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Berezovsky's legacy expected to make up for his debts

November 15, 2013, 11:19 updated at: November 15, 2013, 12:03 UTC+3 Berezovsky's legacy expected to make up for his debts ¶ ¶ The service of bailiffs has reported that official confirmation of self-exiled businessman Boris Berezovsky's death was received in Moscow
The service of bailiffs has reported that official confirmation of self-exiled businessman Boris Berezovsky's death was received in Moscow
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The service of bailiffs has reported that official confirmation of self-exiled businessman Boris Berezovsky's death was received in Moscow, and bailiffs will address his inheritance case, the Rossiiskaya Gazeta says.

A copy of the document confirming Berezovsky's death was received from the Russian Embassy in Great Britain, the press service of the Russian Federal Service of Bailiffs said. A bailiff has sent notification to the Moscow City Notary Chamber about the opening of the Berezovsky legacy case.

Under the law, death does not exempt a person from debts. So, his heirs will have to settle all the debts.

It is possible to evade it if not to accept succession as an heir. If an heir officially takes the burden, he may be encouraged by another regulation saying that inherited debts must not exceed the inherited fortune. In other words, an heir will not pay his own money.

Berezovsky has left millions-dollar debts. Russian courts have ruled that a total of 3.3 billion rubles must be repaid over the suits of Aeroflot and the Samara government. According to some reports, the businessman also owed much to British tax collectors. Experts say his financial affairs were so intricate that it would require several years of proceedings to settle them. In May this year, bailiffs attached the debtor's property — his shares in charter capitals of companies and real estate. In August, the businessman's securities were attached.

 

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