Site icon News Bit

Who can inherit your property if you have no immediate heirs?

Q: What choices are there for a person with no immediate heirs, who doesn’t want the house and other assets to go to the cousins? Who or what can inherit?

A: We get a lot of questions about estates and inheritances, primarily because a house typically makes up the biggest portion of an estate. Parents are always concerned about whether they should split an inheritance equally (quick answer: not always), and we try to provide options for a variety of circumstances.

Occasionally, we’ve been asked how to avoid leaving family (the presumed heirs) any part of an estate. Parents or other relatives typically seek to exclude family members when there has been an emotional or physical break: Perhaps someone has done something truly horrific or maybe they’ve just been unkind, forgetful or simply absent from family life.

Over the years we’ve been writing this column, we’ve helped readers sort through a variety of problems, ranging from emotional to elder abuse to financial abuse — all of which are valid reasons to avoid leaving someone a piece of your estate.

But you don’t need a reason to exclude someone from getting your money or property after you die. You just need to decide what you want to do and then take steps to ensure your wishes are carried out.

For all the latest Life Style News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – abuse@newsbit.us. The content will be deleted within 24 hours.
Exit mobile version