Waiver of inheritance: This is how you can regulate the distribution of your inheritance during your lifetime without a will. By waiving an inheritance, people can pay their legal heirs a severance payment during their lifetime.
Once an inheritance waiver agreement has been signed, it can no longer be revoked. The only way to reverse it is with a termination agreement. However, an agreement must be reached between the testator and the renouncer, which must be certified again by a notary. If you then row back again, you will incur additional costs.