Things that Will Happen 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. Here is a survey that reveals that a large population of Americans dies without planning for even their estate. 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 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 state’s probate court will take charge of all the possessions of the deceased in case he or she left no will. In case you read more here, you will understand what the law states about the possessions of properties left intestate. 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 estate left behind determines the severity of the law over this issue. 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. A similar scenario is also true to a young citizen who may have not accumulated any wealth. It is essential to note that law is clear 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 entire process of dealing with cases of people who die and leave homes and other assets whose worth exceeds $100,000 becomes complex as explained on this website.
Another hint of what happens when someone passes away without writing a will depends on their 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 law will use a relationship hierarchy to sub-divide the possessions. The first person that can be considered is the spouse. 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.