The implications of dying without a will

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Legal News

Will,Assets,Distribution

Dying without a will means that your assets will be distributed by the state in a one-size-fits-all manner. The Intestate Succession Act rules are very specific and may have some undesirable outcomes.

Dying without a will means that your assets will be distributed by the state in a one-size-fits-all manner. The Intestate Succession Act rules are very specific and may have some undesirable outcomes. The law of intestate succession determines who a person’s heirs are, inasmuch as the deceased did not do so himself or herself by way of a valid will.

In a will, a person can appoint legatees and heirs, as well as nominate an executor, a guardian for minor children – and trustees if a trust is to be formed for minors, for instance. Now if the person dies without a valid will, the heirs will be determined by way of the rules of intestate succession, and specifically the Intestate Succession Act

Will Assets Distribution Heirs Intestate Succession Law

 

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