Death as well as tax are the only certain things in the world. Although we pay taxes annually, many people fail to plan for their deaths. The fear for death can be a major reason for unpreparedness. Here is a survey that reveals that a large population of Americans dies without planning for even their estate. After their deaths, their properties are left without no sense of direction. Here are some of the hints of what happens to the deceased when they don’t write their will.
The physical residence of people will determine what happens to their wealth when they die. When such a person dies, he will be termed as an intestate. When this happens, their estates are usually left under the custody of a probate court. In case you read more here, you will understand what the law states about the possessions of properties left intestate. Laws governing such cases varies 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 size of the estate left behind determines the severity of the law over this issue. 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. The law requires that the remaining family members file a declaration claiming this property for use. In case the deceased did not have any heir, the claimant is supposed to support his or her relationship through 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.
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. The law will use a relationship hierarchy to sub-divide the possessions. In short, the entire property will be handed over to 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.