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. Maybe the major reason for this is the fear that people have over death. 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. After their deaths, their properties are left without no sense of direction. Here are some of the hints of what happens to the deceased when they don’t write their will.
The physical residence of people will determine what happens to their wealth when they die. Such a person is often termed to have died intestate. The possessions of such a party is often left under the watch of a probate court. You should read more here to establish what the law states regarding this kind of property. You should note that all the laws governing such scenarios vary from one state to the other.
The second tip of what happens when a person dies without writing a will depend on what he or she leaves behind. 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. The scenario is true especially to senior people in the society who may have spent their possessions on medical bills. Similarly, this case may apply to a young citizen who may have not accumulated enough wealth before passing away. 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. The process of dealing with cases of people who pass away and leave homes and other assets whose worth exceeds $100,000 becomes complex as explained on this website.
The third aspect to consider when a person dies without leaving behind any written will is considering the 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. If the spouse is not there, children will take over the property and so forth. It is worth reading to discover more how the law applies in the relationship hierarchy of the deceased person. It is essential to learn more about this topic if you continue reading here.