Posts Tagged ‘escheat’

Dying Without a Will

Intestate SuccessionIf you die without drafting a valid will, you are referred to as having “died intestate”. When this happens, the distribution of your assets is governed by your state’s intestate succession laws; essentially, the state automatically applies a standard set of rules for the distribution of your property in the absence of any specific instructions you would provide in a will. Each state deals with intestacy slightly differently, though there are some general rules.

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