Cretion refers to the process of accepting an inheritance that has been designated to an individual in a will. The recipient is given a period of 100 days to make a decision regarding acceptance. Failure to make a decision within the allotted time results in forfeiture of the inheritance. Although once a prevalent practice in Roman law, cretion is no longer utilised in modern times.
CRETION, a legal term used in Roman law, refers to the process of accepting an inheritance by an appointed heir. This process must be declared within 100 days from the date the heir receives notice of the appointment. Failure to declare within this timeframe results in disinheritance, with a substitute inheriting in their place. The term “cretion” originates from the Latin word “cernere,” meaning “to decide.” For instance, John was designated as the heir in his grandfather’s will and had 100 days to declare his acceptance of the inheritance, which is known as cretion. Failing to do so would lead to his disinheritance and the inheritance being passed on to someone else. This example highlights how cretion serves as a legal procedure ensuring that the rightful heir accepts the inheritance within a specific time period.
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Yes, there are many online resources that allow you to create legal documents, but it is important to ensure that the document complies with the laws of your jurisdiction and is tailored to your specific needs.
Creating a legal document that is not valid can result in it being unenforceable in court, leading to potential legal disputes and financial losses.
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This glossary post was last updated: 17th April 2024.
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