Next of Kin
🏦 Banking
Quick Definition
Next of kin refers to a person's closest living blood relative or relatives who may have legal rights or responsibilities if the person becomes incapacitated or deceased.
Examples
- 1In the event of a medical emergency where a person is unable to make decisions, the hospital may contact their next of kin to make medical decisions on their behalf.
- 2When a person dies without a will, their estate is typically inherited by their next of kin according to the laws of intestacy.
- 3A person may list their next of kin on various legal documents, such as life insurance policies, to ensure they are contacted or benefit in case of the policyholder's death.
Tags
next-of-kinlegal-rightsinheritancefamily-lawestate-management
Quick Info
Category:Banking
Difficulty:basic
Last Updated:6/19/2025