Tips of What Happens When Someone Dies Without a Will
Death as well as tax are the only certain things in the world. Despite the fact that taxes are paid annually, a majority of people fail to plan themselves well. Death is horrible that many people don’t even want to think of it. 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 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. When such a person dies, he will be termed as an 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 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 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. 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.
The survivors are another determinant of what happens when a person dies without a will. 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. In short, the entire property will be handed over to the spouse. Absence of the spouse gives children a high chance of inheriting this property. It is worth reading to discover more how the law applies in the relationship hierarchy of the deceased person. You can learn more on this subject by reading here.