Investments glossary

Uniform Simultaneous Death Act

Spread the love
Quotes of the day:

Civilization is drugs, alcohol, engines of war, prostitution, machines and machine slaves, low wages, bad food, bad taste, prisons, reformatories, lunatic asylums, divorce, perversion, brutal sports, suicides, infanticide, cinema, quackery, demagogy, strikes, lockouts, revolutions, putsches, colonization, electric chairs, guillotines, sabotage, floods, famine, disease, gangsters, money barons, horse racing, fashion shows, poodle dogs, chow dogs, Siamese cats, condoms, peccaries, syphilis, gonorrhea, insanity, neuroses, etc., etc.

— Henry Miller

The Uniform Simultaneous Death Act is a law used to determine the inheritance when more than one death occurs at the same time. The act states that if two or more people died simultaneously due to an accident within a 120-hour survival period, with no will, their assets are to be passed to the relatives rather than from one estate to another. This act is used to avoid double administrative costs.

We uses YouTube API Services.
Click to rate this post!
[Total: 0 Average: 0]

Leave a Reply