STATUTORY NEXT KIN Meaning and
Definition
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The term "statutory next kin" refers to a legal concept that determines the specific individuals who are entitled to inherit the assets of an individual who has died without leaving a valid will. It is based on statutory laws that govern intestate succession, which means the distribution of the estate of a person who has not made a will or whose will is deemed invalid.
The statutory next kin are the closest blood relatives of the deceased person, as determined by the law. These individuals are given priority in the order of inheritance based on their relationship to the deceased. The specific order of priority can vary depending on the jurisdiction, but typically includes immediate family members such as a surviving spouse or registered domestic partner, children, grandchildren, and parents. In some cases, siblings, nieces, nephews, and more distant relatives may also be considered statutory next kin.
The purpose of establishing statutory next kin is to ensure a fair and orderly distribution of the deceased person's assets when there is no clear indication of their wishes. By having a set hierarchy of relatives, the law aims to eliminate any potential disputes or disagreements among potential heirs. However, it is important to note that these laws can differ between jurisdictions, and thus the exact definition and order of priority for statutory next kin may vary.
Common Misspellings for STATUTORY NEXT KIN
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