Glossary entry

French term or phrase:

recel des biens ou des droits d\'une succession

English translation:

concealing (UK), concealment (US) of assets or beneficial interests

Added to glossary by Mary-Ann Marque
Mar 13, 2013 14:28
12 yrs ago
109 viewers *
French term

recel des biens ou des droits d'une succession

French to English Other Law (general) acte notarié
AFFIRMATION DE LA QUALITE HEREDITAIRE
Les requérants attestent la dévolution successorale telle qu'elle est établie ci-dessus, et certifient qu'à leur connaissance il n'existe aucun autre ayant-droit venant à la succession.
Ils déclarent que la personne décédée n'a laissé aucune disposition à cause de mort non relatée aux présentes.
Ils affirment, en conséquence, que les personnes figurant dans la dévolution successorale ont seules vocation et qualité à recueillir la succession.
A l'appui de leurs affirmations et déclarations, les requérants apposeront leur signature en fin des présentes.

Les requérants affirment en outre:
- que le Notaire soussigné les a informés de la possibilité d'accepter purement et simplement la succession ou d'y renoncer, ou encore d'accepter la succession à concurrence de l'actif net pour n'être, dans cette dernière hypothèse, tenu des dettes successorales que jusqu'à concurrence de la valeur des biens recueillis;
- qu'il a particulièrement attiré leur attention:
1- sur les conséquences de l'acceptation pure et simple qui les rend alors responsables des dettes de la succession sur leur patrimoine personnel sans limitation;
2- "sur le recel des biens ou des droits d'une succession" ou la dissimulation de l'existence d'un cohéritier, qui rend l'héritier fautif purement et simplement acceptant de la succession nonobstant toute renonciation ou acceptation à concurrence de l'actif net, sans pouvoir prétendre à aucune part dans les biens ou droits divertis ou recelés;

Proposed translations

+5
3 hrs
Selected

concealing (UK), concealment (US) of assets or beneficial interests

I think that in relation to concealment, the term "droits" is not referring to duties but to beneficiaries' rights. Maybe I'm missing something, but you can try to keep quiet about your rights as a beneficiary in order to avoid paying duties, but once the duties have been worked out, quantified, then the tax authorities automatically know about them; they cannot be concealed.
Peer comment(s):

agree philgoddard : ... of an estate. There's no difference between the UK and the US as far as I know.
40 mins
agree Adrian MM. (X) : beneficial ? suggests our friend: the usufruct> entitlements to, perhaps.//OK. There are certain Equity & Trusts Law Oxford Fellows who shall remain nameless and don't know the difference between a beneficiary and beneficial owner.
3 hrs
entitlement (of a beneficiary) in an estate
agree AllegroTrans
5 hrs
agree Francis Marche
15 hrs
agree Gina W
1 day 21 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "thank you!"
44 mins

concealment of death or estate duties

a suggestion!
Peer comment(s):

neutral AllegroTrans : a person can conceal the assets but I think that would amount to "avoidance", not concealment, of the duties
8 hrs
Something went wrong...
7 hrs

evasion/avoidance of death duty and inheritence tax

I do agree more with piazza d's suggestion but here is an alternative that for me sounds better

The duty to be paid is not being 'concealed' but evaded (tax evasion) or avoided (to avoid paying tax)
Peer comment(s):

neutral AllegroTrans : that would be the intention but it's not what the phrase actually says
1 hr
neutral Francis Marche : Agree with AllegroTrans: confusion between "droits de succession" (inheritance tax) and "les droits D'une succession" (the assets and/or beneficial interests of the estate itself)
11 hrs
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