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Succession Act
The Succession Act generally refers to legislation that governs the transfer of a deceased person's estate, rights, and obligations to their heirs or successors. It sets out the legal framework for how property and responsibilities are passed on after death.
Key points about succession and succession acts include:
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Succession means the transmission of rights and obligations of a deceased person to their legal heirs or successors. This includes both the rights and liabilities left at the time of death and any new charges or obligations that arise after the succession opens.
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There are different types of succession:
- Testamentary succession: When the deceased leaves a valid will specifying heirs.
- Legal succession: When succession is determined by law in favor of the nearest relatives if there is no will.
- Irregular succession: When succession is established by law in the absence of legal or testamentary heirs.
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Succession laws ensure the fair distribution of the deceased's estate, including property, rights, and debts, according to legal principles and the deceased’s wishes if expressed in a will.
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Specific succession acts, such as the Succession Act 1965 (in Ireland), reform and regulate the law relating to succession, including the administration, testamentary disposition, and distribution of property on intestacy (when there is no will).
In summary, a Succession Act is a legal statute that governs how a deceased person's estate is handled, ensuring orderly and lawful transfer of property and obligations to heirs or successors. The exact provisions and scope depend on the jurisdiction and specific legislation in place.