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Wordlwide, most federal and local governments have inheritance laws in place to protect bequests included in a will or living trust.

In the U.S., upon the death of a loved one their will has to "go through probate", or the filing of proper forms filed with a local probate court which legally orders distribution of the inheritance.

The job of executor, or someone named in the will to settle the estate, often includes filing the proper papers with the probate court, paying off taxes or debt owed by the deceased, and distributing property to the designated heirs named in the estate.

Most wills, fortunately, run their normal legal course, but things get a bit more complicated if there is property to be distributed in more than one state - in which case different inheritance laws and probate proceedings may apply.

Similarly, when an estate is bequeathed by a close relative or family member living in a foreign country, it becomes highly adviseable to hire a local lawyer within the country (from which the will originated) to obtain applicable information. A Web search for, i.e., "Spain inheritance law" may also prove helpful for a quick overview of foreign legal obligations.

More about inheritances around the Web:

Executors and Probate Court - Resources Center - Helpful guide from Nolo.com covering the responsibilities of the executor of a will, probate court shortcuts by U.S. state, FAQ, probate glossary, downloadable forms.

Guide to Property Inheritance - Comprehensive directory of information detailing local tax laws and civil codes regarding inheritance in the U.S., Canada, U.K., and countries worldwide.

1800 Probate Online - A directory of probate lawyers and probate law by U.S. state, as well as related resources, glossary of law terms, FAQ.

Make Your Inheritance Count - Motely Fool.com guide with tips & advice on fitting an inheritance into an overall financial plan and investing a windfall wisely.

Inheritance Tips - A broad overview with advice on managing an inheritance, with related resources from AARP.

also see in Your Money -> Investing

The information provided on these pages is intended as reference
only and does not constitute professional legal advice.