NEXT OF KIN
A term which refers to the closest living relative of an individual. The next-of-kin relationship is significant in determining inheritance rights if a person dies without a will and has no spouse and/or children. The estate of the deceased becomes state property if no legal heir can be identified. The next of kin can also be called upon to make medical decisions for a person who has become incapacitated or to make funeral/burial arrangements.
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Financial asset donated to a non-profit institution, in the form of investment funds or property, with the purpose at the donor’s bequest. Th ...
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