General rules on inheritance

Intestacy is the area of law that regulates what happens with a person’s assets when he or she dies. There are rules on who inherits from the deceased and how to regulate the inheritance. This is done by drawing up a will. There are also rules on the inventory of the deceased’s financial situation. This is prepared to provide an idea of the assets and debts the deceased had when he or she died. When a person dies, the assets are part of what is known as the estate. The deceased’s heirs and potential devisees are part-owners of the estate. It is important to know that cohabitants do not inherit from each other. It is therefore very important to prepare a will if you want your cohabitant partner to inherit from you.