eSignature Legality for Funeral Leave Policy in Australia: Simplify Document Signing Processes

How to eSign a document: e-signature legality for Funeral Leave Policy in Australia

hi welcome back to finally revealed in this episode I want to talk about how property passes through intestate succession intestate succession means the person doesn't have a will if you die test date it means you had a will if you die intestate means you didn't have a will if you a person does not have a will and they die the first of all the property that they have arranged to be conveyed or transferred to somebody when they die still sticks okay and that means if you have pay on death on a bank account if joe marks pay on death to suzy when he dies Suzy goes in shows a death certificate the account is transferred over to her we are familiar with beneficiaries on life insurance and beneficiaries on retirement plans those beneficiaries that are designated with the company again show the death certificate transfer the property cars can be titled that way transfer on death real estate can be in certain states you can have a testamentary deed that is recorded that passed that will be recorded at the time of death that's executed that will pass title parties that own property jointly will automatically transfer to the other person if it is with rights of survivorship that would be joint tenants with rights of survivorship then the property will transfer to the person who who out lives the person who died so those are separate rules and those are followed then if there is a will then the property will follow and pass ing to how it is written in the will but if there is no will and there is property that's not otherwise designated to go to someone this is how it works in the United States for the most part so a person who is married the property will transfer to their spouse if the person is married with children and they get divorced at the time of their death then their property will be transferred to their children if a person is single when they die and they have parents who are living one or more it goes up and it goes to the parents or the parent if there's one if a person is single and they die without a spouse without children without parents it next goes to their brothers and sisters and in most places if there is a brother or sister who has died but they have children then their share would go to the children of the one who died and then you go further from there so if you don't have brother if you don't have a spouse you don't have children you don't have parents who are living you your brothers and sisters have all died before you but you have nieces and nephews then it goes to them so hopefully you can see how that works but that is called intestate succession and that's why when someone dies you have to tell the court who the immediate family are and if they die without a spouse or children you have to go further and that is why it's only it goes first to the immediate family and then it goes up to the parents and out from there so I hope this was helpful if it was and you learned something give me a thumbs up leave any comments or questions below subscribe to see the other videos share this with someone it might benefit come back and see me next time thanks for watching