According to the old-time sayings, death, as well as tax, are the only things that are certain. Irrespective of the fact that people pay taxes every year, they forget to plan for their own deaths. Maybe the major reason for this is the fear that people have over death. If you continue reading here, you will unearth what a field survey has come up with for a large number of Americans who die without even an estate planning. 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. The person will be termed as an intestate. When this happens, their estates are usually left under the custody 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. 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 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 the case to senior people who could have sold all their wealth because of medical issues. Young people who die before accumulating much wealth also falls in this category. Under this circumstance, remaining members of the family are advised to file a declaration claiming this property for their own use. In instances where the deceased left no heir, claimants must support their relationships via an affidavit. 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. 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 law will use a relationship hierarchy to sub-divide the possessions. In short, the entire property will be handed over to the spouse. 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.