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Act of Parliament Inheritance and Succession Act

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  • Nay

    Votes: 0 0.0%
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  • Total voters
    6
  • Poll closed .

Cofys

New member
Parliament Member
Cofys
Cofys
Joined
Jul 2, 2024
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6
Author: Liam Cofys, MP
Sponsor: N/A
Type: Act of Parliament

A
BILL
TO
Establish Inheritance and Succession

Preamble:

The Azalea Isles value legacy and stability. This bill sets up a simple way to pass down businesses, plots, and wealth through living wills, managed by the Ministry of Social Services, so our citizens’ hard work lives on.

1. Definition of Inheritance and Succession
(a) "Inheritance" is the transfer of a citizen’s personal assets—plots, items, and Azalean Dollars, following their permanent departure.
(b) "Succession" is the transfer of a business and its assets—plots, items, and Azalean Dollars, following their permanent departure.

2. Living Will Registration
(a) Citizens may register a living will with the Ministry of Social Services for a one time fee of $500.
(b) The will specifies up to 3 heirs and what they inherit (e.g., plots, businesses, items, or funds).
(c) Ministry of Social Services Field Agents collects and uploads wills to the National Archive, and links them to the citizen’s registry profile.
(d) Updates to a will are free and can be made anytime via a form at the Ministry of Social Services.

3. Inheritance and Succession Process
(a) Upon a citizen’s permanent departure, voluntary transfer, or last seen over 180 days:
(i) Heirs may file a ticket with the Ministry of Social Services to claim their property.
(ii) Field Agents will verify all information and assets, and hand the report over to the Crown for transfer.

4. Verification and Enforcement
(a) Ministry of Social Services verifies wills via the Registry and National Archive, ensuring heirs are rightful and registered citizens at the time of transfer.
(b) Disputes over wills go to the Ministry of Justice, resolved by court ruling.
(c) False claims (e.g., unregistered heirs) incur a $5,000 fine, enforced by the Ministry of Justice.
(d) If any assets are found to be illegally obtained, as labeled by the Crown, none of the assets will transfer to heirs and will all instead revert to the government.

5. Oversight
(a) The Ministry of Social Services manages the Registry and Archive, reporting any transfers to Parliament.
(b) The Ministry of Justice handles disputes and penalties.

6. Enactment
This Act shall take effect immediately upon passage.
 
Last edited:
"By the authority invested the in Kingdom of Regalis, and in the loyal people of Azalea Isles, I hereby declare the Inheritance and Succession Act to be law in the Isles, with the full force of enactment."
- Queen Eleanora of the Kingdom of Regalis
 
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