If you die without a Will, everything
you own (except joint property) will be distributed under the rules
of the Intestate Succession Act.
For example, if you are married and
have four children (minor children or adult children) your estate would
be distributed as follows:
- $40,000.00 would go to your spouse
- the remainder of the estate would be divided as follows: 1/3 to your
spouse, and 1/6 to each child
If you want to control where your property
goes on your death, you must have a Will.
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The general opinions expressed herein
are for information purposes only and are not to be relied on. Individuals
are encouraged to seek legal advice as it relates to their specific
fact scenario to ensure they are fully aware of their legal rights and
obligations.
