Depending the state you live in determines how exactly your property and assets will be distributed upon your death. This includes many items such as bank accounts, real estate, and any other asset you may possess upon your death. One way to ensure that this does not happen is to hire the assistance of a will attorney. Weeki Wachee residents who do not want the state to decide what happens to their belongings should meet with a lawyer and discuss the necessary destitutions plans you intend to make. If you have children to receive your possessions, you do not want them having to deal with the hassle of the laws of intestate succession.
What if Someone is Single With No Children?
In an instance where an individual has no spouse or children to receive their assets upon their death, their parents would be the next in line to receive their estate if they are both living. If this is not the case, their estate would be divided up among their siblings as well as one surviving parent if the parent has also passed away. Without the guidance of a will attorney, Weeki wachee residents’ possessions will be passed from family member to family member. If no surviving immediate family is available to take their possessions, relatives on both their mother’s side and father’s side will be eligible to claim their assets.
What if No One can Claim your Property?
Although it is a very rare occurrence it is possible that someone who passes away has no family that is eligible to claim their assets. If someone passes away with no family, the state seizes control of your assets and property, which many individuals do not like the idea of. It is recommended that into sure this does not happen you hire the assistance of a will attorney. Weeki Wachee residents can receive help writing their will so their assets are given to members of their family and not the state.
*Disclaimer: The views expressed here are those of the authors and do not necessarily represent or reflect the views of Jhonston & Sasser, P.A*