What Happens If Someone Dies Without a Will
Death as well as tax are the only certain things in the world. Despite the fact that taxes are paid annually, a majority of people fail to plan themselves well. The fear for death can be a major reason for unpreparedness. If you continue reading here, you will unearth what a field survey has come up with for a large number of Americans who die without even an estate planning. The property will, therefore, be left without any sense of direction after death. Here are some tips of what happens when people die without writing a will.
The main hint of what happens when people die without writing a will is dependent on where they live. The person will be termed as an intestate. The state’s probate court will take charge of all the possessions of the deceased in case he or she left no will. In case you read more here, you will understand what the law states about the possessions of properties left intestate. Laws governing such cases varies from one state to the other.
The place the deceased person lived will determine what happens to their possessions. The size of the possessions left behind will determine the severity of the law. For instance, small estates fall in the category of people who died without any property and their total possessions are usually less than $100,000. This is a practical scenario that happens to senior people who may have sold all their wealth to cater for medical bills. A similar scenario is also true to a young citizen who may have not accumulated any wealth. Under this circumstance, remaining members of the family are advised to file a declaration claiming this property for their own use. The claimant of the deceased’s possession is supposed to produce an affidavit that states their relationship before they can access the property for use. The entire process of dealing with cases of people who die and leave homes and other assets whose worth exceeds $100,000 becomes complex as explained on this website.
Another hint of what happens when someone passes away without writing a will depends on their survivors. In most cases, laws governing such cases will be determined depending on whether the person left behind a wife, domestic partner or a number of surviving children. What is usually used here to subdivide this property is the law of hierarchy. In short, the entire property will be handed over to the spouse. Children may also be given the second chance of the spouse is not there. You can discover more about the relationship hierarchy if you continue following our daily posts on this topic. It is essential to learn more about this topic if you continue reading here.