Why Shouldn’t You Die without a Will?
Not everyone knows about thus but,
Having a will in place is an essential part of ensuring that your assets and family are taken care of after you die. When someone dies without having made a will, this leaves their loved ones with the difficult task of figuring out how to divide up everything that they own among themselves.
This can include things like money, property, vehicles or other items that may have sentimental value to them as well. Just think about it: if you died right now without making any plans for what happens when you pass away, then who would get all the stuff in your house? Who would be responsible for paying off whatever bills were outstanding on your credit cards? Without a doubt, those tasks could be very stressful for whoever inherits these responsibilities from you.
This is one of the most important reasons why it’s crucial to make a will, no matter who you are or what your circumstances may be. The good news is that making this kind of plan doesn’t have to cost anything at all.
On the other hand,
It could help out those close to you later on in life when they start experiencing some difficult decisions about how best to handle everything from dividing up the property between themselves down to even where someone should bury their loved ones if such an event were to occur.
And the good news is that,
It’s not that difficult to make a will, but it can be if you don’t know how; after all, there are many different kinds of wills that one might need for one specific needs and personal circumstances.
It only takes some time and effort – or the help of an attorney who understands these matters much better than most people do to write such documents to get this kind of thing appropriately done once and for all so that your family doesn’t have to worry about anything whatsoever when it comes down to dealing with any formalities following your death.
What is Intestacy?
Intestacy1 is the state of someone’s estate when they die without having made a will. This means that if you don’t have a will, your property gets distributed according to specific laws and guidelines, which are generally set on both federal and state levels.
The goal behind intestacy laws is ensuring that all people receive at least some form of inheritance from their loved ones-even if it should happen by chance or another circumstance other than those who would like to receive an inheritance in such cases as mentioned before; this includes children, spouses, civil partners, parents, siblings, grandparents, and others.
The rules of intestacy that are applicable in the situation of not having a will to make an heir feel more at ease when it comes down to inheriting property from their loved ones depend on state law and federal requirements.
Let me explain,
For example, a case could be made for someone’s spouse or children if they were married before death; this is an exception that falls under common-law marriage statutes. The same would also hold for any other form of a prenuptial agreement that might have been put into place at some point between both partners involved (if there was one). However, if these two examples don’t apply, what happens is that the surviving spouse, child, or parent are given preference in inheriting anything left behind.
Other than these two exceptions, state law and federal requirements can vary depending on what the deceased person says. Though it may be a little difficult to generalize this topic because there is such variation between states, each has its intestacy laws about who receives an estate upon death.
In cases where no one has been named as beneficiary of any kind, then often, what happens is probate starts up (depending on how significant the value might have been). Everything goes by administration instead of inheritance rights from family members. This means that the beneficiaries are determined by the will and not by family ties.
Common Rules If You Don’t Make a Will.
If you don’t make a will, your assets may be distributed according to the law of intestate succession. This is how it’s done in most states:
Let’s take a look:
- Your property goes first to any children or grandchildren then on down through family lines until someone who can inherit from your dies and their heirs are gone too.
- If what’s left after all that passes to the state for general use; not distribution by will among our survivors. That means some other person might get your stuff if they’re next closest kin when you die.
- If you have no children, and your spouse has died or is also deceased, the entire estate passes to that person’s descendants (your in-laws) then on down through family lines until someone who can inherit from them dies and their heirs are gone too.
- If there’s nobody left next of kin when we go – for instance if we’re an only childless widow – our property goes first to any nephews or nieces then on down through family lines until someone who can inherit from our dies and their heirs are gone too.
- If there’s nobody left who can inherit from us, our property goes to the state for general use.
A will is a necessary document that every adult should have made before their death.
If we don’t make a will when we die, someone else might get all of our assets and belongings instead of those they were destined for in our last wishes. This could be because they’re closer kin than others or because they’ve already been designated as an heir by law on your behalf. Although this may sound like bad luck, not having a will can damage more than just not receiving your belongings.
Who Will Inherit If You Die without a Will?
You may be wondering who will inherit if you die without a will. Well, this varies from state to state and depends on the laws of your jurisdiction. For example, in most states, children are given priority as heirs to an estate over other relatives or friends of the deceased person when they don’t have a will in place. However, some jurisdictions give spouses legal rights to property that is not passed down through inheritance which doesn’t require a court proceeding for distribution.
In some cases, the courts will appoint someone to handle your estate. This is called an “intestate2” succession which often occurs when there are no relatives or friends designated as heirs on behalf of these laws.
And the bottom line?
If you have a spouse and children under 18 years old, they usually receive property from intestate succession automatically if given to them in your will. For example, this could come in handy for providing financial support for their needs during their upbringing should something happen to both parents at once.
Who decides who gets what if you die without a will?
If you die without a will, the government decides who gets what from your estate. If there are no blood relatives or friends, it is given to the state for general public purposes.
What are the advantages of having a will?
The advantages of having a will are that you have the power to state your wishes on how your property should be distributed. It also simplifies the distribution process because all of the necessary legal document is in one place. For example, personal property and financial statements can be omitted from probate court once a will has been submitted.
Is it illegal to not file a will?
No. It is not illegal to not file a will, but it can lead to difficulties and complications if someone dies without being on record or executed.
What happens to your child if you die without a will?
If you die without a will, your child’s guardianship (legal responsibility) may be determined by the court. The family should discuss with an attorney to find out what might happen in this situation.
So go and take the next step!
Your heirs will be unprepared to deal with your estate. They may have questions about their inheritance, which could lead them to financial ruin. It’s best for everyone involved to make a will and save yourself the headache of trying to manage it all from the other side.