We do not want to pay for the estate tax of the property in Malabon since we do not have enough money to pay for it and we are not the one who benefits from it ever since. We also ask the family of my uncle but they are not very cooperative.
My question is, can my family renounce our right for inheritance to the said property? We did our initial research in the internet and we are looking at GENERAL RENUNCIATION, where we will waive our right in favor of no one. It says that it is not subject to donors tax because the waiver is done gratuitously and indiscrimanately.
Is this allowed or valid? However, our lawyer said that "we cannot do repudiation of the property with no particular reason because my father's brother is not the immediate heir of my father. This can only be done daw if it will be transferred to one of us (immediate family)"? I don't get it, why is the statement of my lawyer contradicts the one i read in the internet. Please enlighten us..