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Successions

Successions
At some point, every family will need a succession completed when a family member or friend passes away. A succession is the acquisition of rights or property by inheritance under the law. The succession process formally places an heir in possession of a person’s property after death.
 
Successions fall into two general categories, “intestate” and “testate.”
 
An “intestate” succession is the method used to distribute property owned by a person who dies without a valid will. The succession distribution is established by law, usually in favor of the nearest relation of a deceased person.
 
A “testate” succession is the passing of rights or property by will or testament.

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