Collateral Heir


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Collateral Heir

A successor to property—either by will or descent and distribution—who is not directly descended from the deceased but comes from a parallel line of the deceased's family, such as a brother, sister, uncle, aunt, niece, nephew, or cousin.

References in periodicals archive ?
A "collateral heir" is "[s]omeone who is neither a direct descendant nor an ancestor of the decedent, but whose kinship is through a collateral line, such as a brother, sister, uncle, aunt, nephew, niccc, or cousin." Heir, black's Law dictionary (10th ed.
A: A collateral heir is a successor to the property either by will or descent and distribution, who is not directly descended from the deceased, but comes from a parallel line of the deceased family, such as a brother, sister, uncle, aunt, niece, nephew or cousin.
The bill also provides a definition of collateral heir and makes other technical changes.
2651(e) broadens the predeceased parent rule by expanding its application to transfers (1) that would be taxable distributions or taxable terminations and (2) to collateral heirs, provided that the transferor has no living lineal descendants at the time of transfer.
If the owner of the homestead is not survived by a spouse or lineal descendant, the homestead will pass by intestacy to other relatives, such as the decedent's parents, siblings, or other collateral heirs.
* Expansion of exemption from generation-skipping transfer taxes for transfers to collateral heirs
The bill, she said, addresses such things as enforcing arbitration, defining collateral heirs and descendants, and making state law comply with the federal tax code.