Tips of What Happens When Someone Dies Without a Will
According to the old-time sayings, death, as well as tax, are the only things that 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. According to a survey report here, majority of Americans do not plan for even their estate before death. After their deaths, their properties are left without no sense of direction. The following hints reveals what happens to people when they die without writing a will.
What happens to people when they don’t write a will depends on where they live. When such a person dies, he 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. You must, however, take note that laws taking care of 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 example, small estates fall in the category of people who died without any property and their total possessions is 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. Under this circumstance, remaining members of the family are advised to file a declaration claiming this property for their own use. In case the deceased did not have any heir, the claimant is supposed to support his or her relationship through 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 survivors are another determinant of what happens when a person dies without a will. 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. The law will use a relationship hierarchy to sub-divide the possessions. 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 here about the law and how it applies to the deceased’s relationship hierarchy. It is essential to learn more about this topic if you continue reading here.