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Bank Brokerage Accounts When you open a bank or brokerage account, you can designate a payable-on-death (POD) beneficiary. This individual would inherit the assets in the account directly upon your death, bypassing the often lengthy and complex probate process.
A legally and properly executed will that covers inheritable property usually takes precedence over next of kin inheritance rights. If the deceased person left no will, their estate passes to a surviving spouse in nearly all states.
As a next of kin to someone you might arrange home care, manage finances, communicate with family members, inform relatives, and be proactive in making funeral arrangements and planning memorial services. These responsibilities stem from moral, not legal obligations.
Next of kin order Sometimes, the spouse may inherit the entire estate, especially if you have no surviving children or parents. In other cases, the states succession laws may say your children, surviving parents, and siblings have the first claim to next of kin.
Surviving spouses are typically exempt from inheritance taxes. Depending on the state, immediate relatives such as the deceased children, parents, and siblings are exempt to varying degrees. Can next of kin override a will? Typically, next of kin does not override a will.

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Your medical provider does not have the power to override any aspect of the directives set forth in your Living Willnor does your next of kin. If you want your spouse or some other party to be able to make the call on these end-of-life decisions, you would need to give them healthcare power of attorney.
Next of kin is defined as a persons closest living relatives through blood or legal relationships. The specifics of determining next of kin, and inheritance, vary by jurisdiction. A legal will covering inheritable property usually takes precedence over the inheritance rights of someones next of kin.
Next of kin refers to your closest living blood relative (or relatives), like your children, parents, or siblings. People related to you by law, like your spouse or an adopted child, are also legally considered your next of kin.

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