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. 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. This means that their property will have no sense of direction in case they pass away unexpectedly. 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. When such a person dies, he will be termed as an intestate. When this happens, their estates are usually left under the custody of a probate court. 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 place the deceased person lived will determine what happens to their possessions. The severity of the law of such a case is depended on the amount of possession left behind. 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 a practical scenario that happens to senior people who may have sold all their wealth to cater for medical bills. Similarly, this case may apply to a young citizen who may have not accumulated enough wealth before passing away. 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. 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.
Another hint of what happens when someone passes away without writing a will depends on their survivors. The legal procedures which are applied here will be determined based 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 first person that can be considered is the spouse. If the spouse is not there, children will take over the property and so forth. 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.