When someone passes away without an estate plan, by law his or her property goes to the deceased’s closest living relatives. However, if a person has no known close relatives, then what happens to the assets of the estate? It depends on whether any other relatives can be found.
Read More »Infant’s Inheritance Disclaimer Blocked
If someone does not wish to receive a specific inheritance, they can disclaim it. However, what happens if the person is a minor? It is up to the parents to disclaim the inheritance on the minor’s behalf. Recently, a Brooklyn judge rejected one parent’s attempt to do that.
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