What is the difference between succession and inheritance?
The difference between succession and inheritance is important to understand when it comes to inheritance law in Washington. Succession is the official transferal of legal rights and responsibilities from one person to another. In other words, the legal ownership of something is transferred from the original owner to the new owner. This usually occurs after the death of the original owner. On the other hand, inheritance is the act of receiving or gaining something, such as money, possessions, or property, from someone after their death. In Washington, succession and inheritance are two separate processes. For instance, when a person passes away, their assets are distributed through the process of succession, where legal responsibility for those assets is passed to the heirs. The heirs are then able to inherit the assets, as well as gain control over them. In some cases, succession and inheritance may occur simultaneously, however they are still two separate processes. In some cases, a will or trust may be put in place to control how succession and inheritance are handled. This document may include instructions for how the assets are to be distributed upon the death of the original owner. In Washington, the laws related to inheritance and succession are complex and can vary depending on the circumstances. It is important to consult an experienced attorney to ensure that the rights and responsibilities are properly transferred.
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