What happens if I die without a will ?
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What happens when a person dies without leaving a will ?
What happens if I died without a will, if you pass away with not having a will, that means you’ve passed away “intestate”. When this occurs, the intestacy laws of where you live will decide how your property is going to be distributed upon your death.
That includes any bank accounts, real estates plus other assets that you have at the time of your death. Real estate that is owned in another estate that’s different from where you lived is going to be handled according to intestacy laws of the specific state where your home is located.
The intestate succession laws differ considerably depending on your marital status or if you had kids. Usually, your property will be dispensed in split shares to all your “heirs”. This can include your distant relatives, nephews, nieces, aunts and uncles, siblings and your surviving spouse. Generally, when there are no relatives who can be found, the whole estate will go to the state.
There are unfortunate instances where people pass away without leaving behind a valid will for the family or any affected party which is what would be helpful. In case this happened, it is legal by law for all the possessions of the deceased to be distributed without your wishes. A will is a form of written document that will guide your executor to share out your property. An executor is a person tasked with the responsibility of ensuring that the wishes of the deceased are respected. Therefore, it is important that even as you live your best life, make proper financial decisions to help you leave behind a will.