• Business
  • Crypto
  • Investing
  • Lifestyle
  • Money
  • Glossary
    • A
    • B
    • C
    • D
    • E
Search
Finance Reference
  • Business
    • The Best Banks for Managing Airbnb Income and Expenses
      Engineering for Compliance: How Smart Systems Handle Audit, Controls, and Risk
      Are You Using the Best Cleaning Option for Your Business?
      20 Years of Yerkin Tatishev and Kusto Group’s Kazpetrol Group
      How to Analyse Yield Curves: Insights for Bond Investors
  • Crypto
    • How Telegram Bots Are Helping Crypto Traders Make Smarter Decisions
      Bitcoin Logo: What is the reason behind its success?
      The Benefits of Practicing Safe Storage for Cryptocurrency Assets
      Tax Planning for Cryptocurrency Investors in Canada
      Avis sur Paymium : Plateforme Crypto Française sous la Loupe
  • Investing
    • How to Save Money on Prop Trading with Apex Trader Funding Discounts
      Bonds vs. Equities: Strategic Allocation for GCC Traders
      Crafting Custom Investment Portfolios: Andy Gitipityapon’s Methodology
      Investing in Gold: How to Secure Your Wealth in Uncertain Times
      MT5 overview, will it fit you?
  • Lifestyle
    • What Makes Switzerland One of the Safest Countries in the World
      Is Homeowners Insurance Required? Answering Popular Homeowners Insurance Questions
      Why Certain Poker Strategies That Work Online Fall Apart in Live Games and Vice Versa
      Payment Methods for the Modern Bettor: Is the Most Popular Option the Best?
      10 Sustainable and Budget-Friendly Ways to Reward Yourself
  • Money
    • Understanding the Risks of Taking a Lawsuit Loan
      Arif Bhalwani of Third Eye Capital on the Resilience of Private Debt
      Financial Solutions for Building Credit Over Time
      Why Your Net Worth Calculator Is Gaslighting You: The Need for Inclusive Financial Planning
      Budgeting Hacks for Families Living on a Single Income
  • Glossary
    • credit card
      Understanding Credit Card Meaning: A Complete Guide
      Oculus Gift Card
      The Perfect Gift for Gamers – The Oculus Gift Card
      walgreens Cash Checks
      Does Walgreens Cash Checks In 2023? Complete Guide
      How Many Nickels Make $2?
      How Many Nickels Make $2? A Quick Guide
      Visa Provisioning Service
      What is the Visa Provisioning Service on My Bank Statement? Explained
      AllABCDE
  • Glossary
  • L

Laughing Heir

By
rjonesx
-

Definition

In the law of inheritance, a laughing heir is an heir who is legally entitled to inherit the property of a person who has died, even though that heir is only distantly related to the deceased, and therefore has no personal connection or reason to feel bereaved over the death.


Laughing Heir

What is ‘Laughing Heir’

A distant relative who has inheritance rights despite not having a close, personal relationship with the decedent. In most jurisdictions, the law requires that the property of a person who passed away without leaving a will be given first to members of the decedent’s immediate family, such as a spouse, children, etc. Under common law, this familial hierarchy extends as far back as it can be traced, giving folks who may have never even heard of the decedent – much less known him/her – inheritance rights.

Explaining ‘Laughing Heir’

Many states have enacted laughing heir statutes that limit the rights of distant family members of decedents who died without a will. In these states, the decedent’s estate passes, or escheats, to the state itself, to be disbursed as government officials see fit. In states without laughing heir statutes, distant relatives still have priority over the state to an intestate decedent’s belongings.

Therefore, it is important to know whether the state of your residence has any laughing heir statutes when considering the execution of your will, lest you inadvertently leave your benefactors liable to potential lawsuits from distant relatives.

Further Reading

  • Migration and financial transfers: UK-Somalia – refuge.journals.yorku.ca [PDF]
  • Spendthrift Trusts and Public Policy: Economic and Cognitive Perspectives – heinonline.org [PDF]
  • Critical Comedy: Satire, Absurdity and Ireland's Economic Crash – www.tandfonline.com [PDF]
Previous articleLaw Of Supply
Next articleLeading Lipstick Indicator
rjonesx

RELATED ARTICLESMORE FROM AUTHOR

credit card

Understanding Credit Card Meaning: A Complete Guide

Oculus Gift Card

The Perfect Gift for Gamers – The Oculus Gift Card

walgreens Cash Checks

Does Walgreens Cash Checks In 2023? Complete Guide

  • A
  • B
  • C
  • D
  • E
  • F
  • G
  • H
  • I
  • J
  • K
  • L
  • M
  • N
  • O
  • P
  • Q
  • R
  • S
  • T
  • U
  • V
  • W
  • X
  • Y
  • Z
  • About
  • Accessibility
  • Privacy
  • Sitemap