Tips of What Happens When Someone Dies Without a Will
Death as well as tax are the only certain things in the world. Irrespective of the fact that people pay taxes every year, they forget to plan for their own deaths. 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. 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. The person will be termed as an intestate. The possessions of such a party is often left under the watch 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 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 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. The law requires that the remaining family members file a declaration claiming this property for 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. Laws governing such cases will be determined depending on whether the person left behind a wife, domestic partner or a number of surviving children. What is usually used here to subdivide this property is the law of hierarchy. The spouse is the key person that can be considered to take all the property. Children may also be given the second chance of the spouse is not there. It is worth reading to discover more how the law applies in the relationship hierarchy of the deceased person. You may continue reading here and learn more.