What is the property?

In the law there is a farm for the assets of the individual, all the money and property of a person who has an established financial value. This will include intellectual property, such as copyright, patents and trademarks - everything that can be converted to another side if necessary. The estate usually comes into force as such when a person declares bankruptcy or dies and the assets must be distributed to others. After the death of a person, this property can be distributed by the will, a legally binding document. If there is no will, the person's assets will be divided according to valid local laws. Ancient societies, such as Egypt, Rome and China, dealt with the division of the property of the deceased, at least between rich and powerful classes. The Modern Heritage Act originated in medieval Europe, especially in the general law of nations such as England. At present, laws governing the division of the estate are very different from the nation to the nation and sometimes differ according to local regions such as states or provinces. This is the usualKEE determined by legal management regulating the case of bankruptcy; Some personal assets are exempt from seizure of the creditor. The date of assets shall not apply to the assets that fail.

When people die, their assets are distributed according to local laws. In most nations, these assets are taxable. This is called real estate tax or inheritance tax and is used for property or heir. If a person has left the will, the remaining property is distributed to the deceased person, a process called exploration. This is under the supervision of a man called Exequid, usually named as such in the will or other legal documents. While spouses, children and other family members are the most common recipients, each person or party may be intended to inherit property in the will.

If the person has not left the will, the property is considered to be the intestine. In these cases, local laws determine who gets the deceased's assetspersons, usually the closest living relatives, called other relatives. In the United States, the American Bar Association estimates that only 40 percent of all Americans have a valid will. This can often cause conflict, especially in the case of unmarried romantic partners who are not usually recognized by the examination laws, no matter how long the relationship lasted. Homosexual couples are particularly vulnerable to this kind of conflict, because many jurisdictions do not allow them to marry and family members are often rejected or absolutely hostile to the homosexual partner of man.