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At a high-level, the main difference is an heir is a descendent or close relative who is in line to an inheritance if you don't properly set up your Estate Plans. By contrast, a beneficiary is somebody who you name, through a formal legal document, to be the recipient of your assets or property after you pass away.
Children in Tennessee Inheritance Laws When someone dies with children, but no spouse, his or her children are entitled to the complete inheritance of the estate. If their parent was married when he or she died, though, the intestate estate is split evenly among all the children and the spouse.
Foster children and stepchildren do not have the same rights as biological or adopted children. Because of this, parents want to ensure that the foster and stepchildren are mentioned in the will; otherwise, they will not have any inheritance rights to the parents' property.
Generally, the heirs of the decedent are their surviving spouse and children, including all of decedent's biological children and adopted children.
Legally speaking, heirs differ from beneficiaries, who are designated by a will or other written documents, as the intended recipient of a decedent's assets. The portion of a deceased person's estate that's bequeathed to an heir is known as an inheritance.
What is an heir? An heir is someone who's legally entitled to inherit your assets if you die intestate, meaning you pass away without a valid will or trust. Your heirs are people related to you by blood or marriage, like your spouse or children.
An heir is a person who is entitled to inherit from a deceased estate because they are related. Heirs are a person's blood relatives, their surviving spouse (if applicable), and any adopted children. Parents, siblings, grandparents, nieces and nephews, aunts and uncles, and cousins are also heirs.