The difference between a covenant and a common will

The difference between a covenant and a common will

    The covenant can be as accurate in the hand and notary as the will. It differs in that the covenant is a private testament, since it makes dispositions that relate to a single fixed estate. The one in whose favor the covenant is made is called a covenant. That is, if a covenant is made in your favor, you become a covenant. You can be both a heir to the law or a common will and a testator, but you can also abandon the inheritance and get a covenant. In the general will the property is identifiable. It is not precisely defined. Whereas, in the case of a private will or even a covenant, the property is specified. That is, the testator will be the one who is bequeathed and he will be able to claim everything (the property that bequeathed the person) from the heirs of the testator. You should bear in mind that if you, as the testator at the time of the discovery of the inheritance, do not own any thing, for example, which you have bequeathed, the covenant will be invalid. In the other case, if you were not the owner at the time of drawing up the covenant but at the time of the discovery of the inheritance you acquired the property, the covenant will be valid. The Covenant does not inherit obligations unlike heirs. However, creditors have the right to file a claim asking them to pay the full or maximum possible amount of their debt. Creditors are not allowed to sell your property unless it is part of the estate. As a testator, heirs who have accepted the inheritance directly are obliged to give you the covenant property promised. In case the heirs have accepted the inheritance by inventory, they owe you as much as the separate inherited property covers.