Define: Successional

Successional law, also known as inheritance law or estate law, governs the distribution of a person’s assets and liabilities after their death.

If someone dies without a will, their assets will be distributed according to the laws of intestacy, which vary depending on the jurisdiction. Generally, the assets will be distributed to the closest living relatives, such as spouses, children, or parents.

In most jurisdictions, you have the right to disinherit someone from your will. However, some jurisdictions have laws that protect certain family members from being completely disinherited, such as spouses or children.

Yes, you can challenge a will if you believe it is unfair or invalid. Common grounds for challenging a will include lack of testamentary capacity, undue influence, fraud, or improper execution.

The time limit to contest a will varies depending on the jurisdiction. It is generally advisable to consult with an attorney as soon as possible to determine the applicable time limit in your specific case.

Yes, you can change your will after it has been executed. This can be done through a codicil, which is a legal document that amends or supplements an existing will, or by creating a new will that revokes the previous one.

An executor is responsible for administering the estate of the deceased person according to the terms of their will. This includes gathering and valuing assets, paying debts and taxes, and distributing the remaining assets to the beneficiaries.

Yes, you can name multiple executors in your will. However, it is important to consider the practicality and potential conflicts that may arise from having multiple executors.

A living will, also known as an advance healthcare directive, is a legal document that outlines your wishes regarding medical treatment in the event you become incapacitated. A last will and testament, on the other hand, deals with the distribution of your assets after your death.

While it is not legally required to have an attorney handle your succession matters, it is highly recommended. Succession laws can be complex, and an attorney can provide guidance, ensure compliance with legal requirements, and help protect your interests.