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. Maybe the major reason for this is the fear that people have over death. According to a survey report here, majority of Americans do not plan for even their estate before death. After their deaths, their properties are left without no sense of direction. Here are some tips of what happens when people die without writing a will.
The physical residence of people will determine what happens to their wealth when they die. Such a person is often termed to have died intestate. When this happens, their estates are usually left under the custody of a probate court. It is essential to find out what the law states when the deceased’s properties are left without a will by taking time to read more here. You must, however, take note that laws taking care of such cases varies 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. Possessions which are worth low than $100,000 are categorized as small estates by law. The scenario is true especially to senior people in the society who may have spent their possessions on medical bills. Young people who die before accumulating much wealth also falls in this category. Under this circumstance, remaining members of the family are advised to file a declaration claiming this property for their own use. In case the deceased did not have any heir, the claimant is supposed to support his or her relationship through an affidavit. This website explains the process of dealing with cases of people who pass away and leave homes and other assets whose worth exceeds $100,000 becomes complex.
The survivors are another determinant of what happens when a person dies without a will. Laws governing such cases will be determined depending on whether the person left behind a wife, domestic partner or a number of surviving children. What is usually used here to subdivide this property is the law of hierarchy. The spouse is the key person that can be considered to take all the property. If the spouse is not there, children will take over the property and so forth. It is worth reading to discover more how the law applies in the relationship hierarchy of the deceased person. You can learn more on this subject by reading here.