What Happens If Someone Dies Without a Will
According to the ancient sayings, death, and tax are the old two things which are certain. Although we pay taxes annually, many people fail to plan for their deaths. The fear for death can be a major reason for unpreparedness. Here is a survey that reveals that a large population of Americans dies without planning for even their estate. 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.
What happens to people when they don’t write a will depends 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. You should read more here to establish what the law states regarding this kind of property. Laws governing such cases varies from one state to the other.
The next hint that dictates what happens when people die without leaving a will depends on where he or she lived. The size of the estate left behind determines the severity of the law over this issue. 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 the case to senior people who could have sold all their wealth because of medical issues. Young people who die before accumulating much wealth also falls in this category. The law requires that the remaining family members file a declaration claiming this property for use. In instances where the deceased left no heir, claimants must support their relationships via an affidavit. This website explains the process of dealing with cases of people who pass away and leave homes and other assets whose worth exceeds $100,000 becomes complex.
The third aspect to consider when a person dies without leaving behind any written will is considering the survivors. Laws governing such cases will be determined depending on whether the person left behind a wife, domestic partner or a number of surviving children. The law will use a relationship hierarchy to sub-divide the possessions. 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.