Tips of What Happens When Someone Dies Without a Will
According to the ancient sayings, death, and tax are the old two things which are certain. Despite the fact that taxes are paid annually, a majority of people fail to plan themselves well. Maybe the major reason for this is the fear that people have over death. 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. 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 should note that all the laws governing such scenarios vary from one state to the other.
The second tip of what happens when a person dies without writing a will depend on what he or she leaves behind. 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. A similar scenario is also true to a young citizen who may have not accumulated any wealth. 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. 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 rule of hierarchy plays a vital role in sub-dividing this property. 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.