Next of kin can be spouse, adopted family member or closest living blood relative. Legal definition varies by country, US has specific definition. Adopted children treated as blood relatives, not marriage relatives
Turkey offers various business structures with different advantages. Company registration process requires navigating diverse structures and procedural intricacies
Beneficiary receives money or property from deceased person's estate. Primary beneficiaries receive first, typically spouse. Contingent beneficiaries receive if primary beneficiary is deceased. Revocable beneficiaries can be changed while benefactor is alive. Irrevocable beneficiaries require beneficiary's written permission
A legal document granting someone authority to make decisions on behalf of the principal. Agent must act in the principal's best interests. POA creates a fiduciary relationship between principal and agent
Banks don't require beneficiary naming for checking or savings accounts. Beneficiaries receive account assets after holder's death. Process is simple and doesn't require notary
Will ensures legal distribution of assets among heirs. Without will, assets can be seized by legal heirs. Padma Malhotra's family faced asset access issues without will