A Beginners Guide To
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.
What happens to people when they don’t write a will depends on where they live. 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. Laws governing 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 example, small estates fall in the category of people who died without any property and their total possessions is usually less than $100,000. The scenario is true especially to senior people in the society who may have spent their possessions on 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. 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. The process of dealing with cases of people who pass away and leave homes and other assets whose worth exceeds $100,000 becomes complex as explained on this website.
The survivors are another determinant of what happens when a person dies without a will. In most cases, 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. The spouse is the key person that can be considered to take all the property. 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.