What Is Intestate?

Intestate refers to dying without a legal will. When a person dies intestate, deciding how their assets will be distributed becomes the responsibility of a state 澳洲幸运5官方开奖结果体彩网:probate court. An i♒ntestate estate can also be one in which the will presented to the court was deemed toꦓ be invalid.

Understanding Intestate

When an individual who has a valid will dies, their assets will be divided among the 澳洲幸运5官方开奖结果体彩网:beneficiaries listed in that will as well as through any trusts that they might have established.

However, many people die without preparing a will. In fact, a 2024 Caring.com survey showed that only 32% of Americans had a will. The percentage does rise among older people, Caring found, but even at ages 55 and up, only 43% of Americans reported having one.

If a person dies without a will, they are said to have died intestate. Dying “in 澳洲幸运5官方开奖结果体彩网:intestacy” means that a state probate court will ha💜ve to determine how their assets are to be distributed.

How th🌟e Probate Process ♔Works If You Die Intestate

Probate courts typically begin the process by appointing an administrator to oversee the estate of the deceased. The administrator will compile a list of the deceased’s assets, pay off any debts, and then distribute the remaining assets to the par🗹ties deemed beneficiaries by a probate judge.

In other words, an administrator functions like an executor (a legal representative normally 𓄧named in a will).

One of the administrator’s dutie💯s is to locate the legal heirs of the deceased, which could include surviving spouses, children, parents, siblings, and other relatives. The order in which heirs inherit from a decedent’s estate when there is no will to rely on is called intestate succession. The probate court will decide who gets what.

How assets will be distributed can vary from state to state. The laws in most states divide property among the surviving spouse (if any) and children (if any) of the deceased.

In 澳洲幸运5官方开奖结果体彩网:community property states, spouses are considered to be joint owners of any property acquired during the marriage and are typically entitled to at least half of the estate. Community property states are Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin, along with the U.S. territories of Guam and Puerto Rico.

In other states, mostly 澳洲幸运5官方开奖结果体彩网:common law states, the distribution hierarchy also starts with the surviving spouse. Depending on the court’s determination, they may receive l💞ess than half, more than half, or even the entire estate if the dead person left no living children or grandchildren.

If the person was unmarried or widowed at the time of their death, their assets will be divided among any surviving children before any other relative. If no 澳洲幸运5官方开奖结果体彩网:next of kin can be located, then the assets in the estate will be transferred to the custody of the state. This is referred to as 澳洲幸运5官方开奖结果体彩网:escheatment.

Close friends of the deceased are not usually part of the list of beneficiaries under a state’s probate laws for intestate estates. However, if the deceased had a 澳洲幸运5官方开奖结果体彩网:joint account with rig🌜ht of survivorship or owned property jointly with another person, then the joint asset will automatically belong to the surviving party (or parties).

The Bottom Line

When a persꦺon dies intestate, it means that they didn’t leave behind a legal will. In that case, a state probate court will determine who will receive their assets. To avoid that possibility and to ensure that their assets go to the people 🌸or organizations that they want them to go to, most people should have a will and keep it up to date.