small introduction on the right of successions
Today we are going to give you a small introduction on the right of successions. Civil law is the main part that covers the right of successions. The right of successions is responsible for succession due to death, which is technically called “mortis cause”, determining the destiny of the rights and assets of the deceased and their legal relations after his death.
To understand the part of civil law that regulates inheritances and successions, it is essential to understand the following terms and inheritances it is basic to understand the following terms:
– Heirs: are the people who are given the rights and assets of the deceased.
– Cause: is the person who dies, the name comes from “mortis cause”, the deceased is the person who transmits his assets and rights.
– legatee: is the person who is given some good of which the deceased transmits.
– Albacea: is the person who is responsible for enforcing the latest will of the deceased, and also takes care of their assets while distributing among their heirs.
– Relicto Flow: is all the heritage left by the deceased once he has died, this assets can have the form of rights, goods and obligations.
– legitimate: is the inherited part that certain relatives of the deceased for legal imperative receive.
– Testament: is a legal act by which a person has after the death of the owner either a relative or a person who is considered esteem of all his assets or part of them.
Two major types of situations within the right of successions arise and regulate, depending on the expressiveness of the autonomy of the will by the deceased subject, these are:
– Abintestate or intestate succession: This situation occurs when the deceased has not granted a will in life. Therefore, since there is no express provision on the property of the deceased subject, the inheritance is governed by the forecasts contained in the laws that will determine the form, proportions and amounts in which the inheritance will reach the hands of the heirs, whether these descendants , spouses, ascendants, collateral relatives and ultimately the State.
– Tested succession: This situation is generated when the deceased has granted a valid testament in life. In principle, the person who grants the will has full freedom to dispose of his heritage in life to govern the succession situation after death, however, sometimes the law marks limitations as in the example of the legitimate one.
And so far our introduction on inheritance right. From Verum we have a team of lawyers specialized in inheritance law if you want to know more about our services click .