According to the old-time sayings, death, as well as tax, are the only things that are certain. Although we pay taxes annually, many people fail to plan for their deaths. The fear for death can be a major reason for unpreparedness. 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. 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. The person will be termed as an intestate. The state’s probate court will take charge of all the possessions of the deceased in case he or she left no will. In case you read more here, you will understand what the law states about the possessions of properties left intestate. You should note that all the laws governing such scenarios vary 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. It is essential to note that law is clear 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 entire process of dealing with cases of people who die 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. 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. The spouse is the key person that can be considered to take all the property. Absence of the spouse gives children a high chance of inheriting this property. 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.