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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. 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. After their deaths, their properties are left without no sense of direction. The following hints reveals what happens to people when they die without writing a will.
The main hint of what happens when people die without writing a will is dependent 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. You should read more here to establish what the law states regarding this kind of property. You should note that all the laws governing such scenarios vary from one state to the other.
The place the deceased person lived will determine what happens to their possessions. The severity of the law of such a case is depended on the amount of possession left behind. Possessions which are worth low than $100,000 are categorized as small estates by law. This is the case to senior people who could have sold all their wealth because of medical issues. 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. 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 third aspect to consider when a person dies without leaving behind any written will is considering the survivors. 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 law will use a relationship hierarchy to sub-divide the possessions. The first person that can be considered is the spouse. 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. It is essential to learn more about this topic if you continue reading here.