When someone dies intestate, what occurs?

Prepare for the DEAD Legal and Regulatory Test. Use flashcards and multiple choice questions with detailed hints and explanations for each query, ensuring readiness for your exam!

When a person dies intestate, meaning without a valid will, the distribution of their estate is handled according to state laws. Each state has its own intestacy laws, which dictate how assets are divided amongst surviving relatives, typically prioritizing spouses, children, and other close family members. This process is intended to ensure a fair and just distribution of the deceased’s assets based on legal standards rather than the deceased's personal wishes, which are typically expressed in a will.

This legal framework is essential because it provides a clear guideline for the distribution of assets and helps prevent disputes among potential heirs who may have differing views on how the estate should be handled. It protects the interests of those who would naturally inherit under the law, filling the gap left when no will is present.

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