What Happens If Someone Dies Without a Will
Death as well as tax are the only certain things in the world. Although we pay taxes annually, many people fail to plan for their deaths. Death is horrible that many people don’t even want to think of it. 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. The following hints reveals what happens to people when they die without writing a 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 state’s probate court will take charge of all the possessions of the deceased in case he or she left no will. It is essential to find out what the law states when the deceased’s properties are left without a will by taking time to read more here. You must, however, take note that laws taking care of 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 severity of the law of such a case is depended on the amount of possession left behind. Possessions which are worth low than $100,000 are categorized as small estates by law. This is the case to senior people who could have sold all their wealth because of medical issues. 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 case the deceased did not have any heir, the claimant is supposed to support his or her relationship through 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. 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 rule of hierarchy plays a vital role in sub-dividing this property. The spouse is the key person that can be considered to take all the property. Absence of the spouse gives children a high chance of inheriting this property. You can discover more about the relationship hierarchy if you continue following our daily posts on this topic. You can learn more on this subject by reading here.