Inheritance Act 2022: Difference between revisions
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Latest revision as of 11:21, 5 February 2023
| Inheritance Act, 2022 | |
|---|---|
 | |
| Parliament of Great Britain and Ireland | |
| An Act to provide for the process of inheritance should a person lose their status as a citizen. | |
| Citation | Original Text |
| Enacted by | House of Commons |
| Date enacted | 02 November, 2022 |
| Enacted by | House of Lords |
| Date enacted | 23 November, 2022 |
| Date of Royal Assent | 23 November, 2022 |
| Signed by | HM Queen Elizabeth III |
| Introduced by | Albus Stuart-Windsor (BRP) |
| Amends | |
| None | |
| Repealing legislation | |
| None | |
| Status: In force | |
Content of the Act
Article I || Titles
1.00 || This Act may be cited and referred to in short as the Inheritance Act, 2022.
1.01 || This Act may be referred to in full as An Act to provide for the process of inheritance should a person lose their status as a citizen.
Article II || Definitions
2.00 || Initient: A person that has lost citizenship by any means as laid out in the Citizenship Act 2022.
2.01 || Material Belonging: Any property belonging to an Initient.
2.02 || Family: The members of the Household of an Initient.
2.03 || Line of Inheritance: A thread created by the Initient before the removal of citizenship that lays out specific instructions as to the inheritance of their material belongings.
2.04 || Will: A thread written by the Initient containing instructions as to what should be done with their money and property after the removal of their citizenship.
Article III || Inheritance Process
3.00 || Should a person lose citizenship, the following shall be the process of inheritance:
3.01 || In the absence of a Line of Inheritance, the family of the Initient shall, three (3) days after the loss of citizenship, select one to three (1-3) member(s) of their family to inherit the material belongings of the Initient.
3.02 || In the case that the Initient has written a Line of Inheritance, the inheritance process outlined in Section 3.01 shall be overruled in favour of the process or persons laid out by the Initient; 3.02a || The Initient may, within a Line of Inheritance, order all or some of their material belongings to be deleted rather than being inherited.
3.03 || The inheritance process shall have the oversight of the judiciary.
Article IV || Material Belongings
4.00 || The following material belongings may be inherited: 4.00a || Estates; 4.00b || Residences; 4.00c || Businesses; 4.00d || Religious Institutions; 4.00e || Any monetary assets.
Article V || Ratification
5.00 || This Act shall come into effect upon passage by both Houses of Parliament with a simple majority and assent by the Sovereign or other authority as established under the Monarchy Act of 2021.