Difference between legal heir and successor

Question

Accepted Answer

Legal heir refers to a person entitled to inherit the property of a deceased person, while a successor is someone who takes over a position or role.

Legal heir is determined by inheritance laws and is entitled to the deceased person's assets and liabilities.
Successor is someone who is chosen or appointed to take over a position or role.
Legal heirship is based on blood relations or legal adoption, while a successor can be anyone chosen by the organization or individual.
Legal heirship is applicable in cases of intestate succession, where there is no will, while a successor can be appointed even if there is a will.
For example, if a person dies without a will, their legal heirs, such as spouse, children, or parents, will inherit their property. On the other hand, a successor to a CEO position may be chosen by the board of directors.

Top Veritas Finance Senior Manager Legal interview questions & answers