When someone dies without a will, their estate is divided up according to standard rules, known as intestacy law. As set out in the Inheritance and Trustees' Power Act, the rules determine who ...
Each state follows its own formula for distributing assets in the absence of a will. Surviving spouses and children may receive different proportions of the estate depending on jurisdiction, sometimes ...
When you die, a section of law known as estate and probate law governs how your assets are distributed. Someone who dies (known as the “decedent”) with a legitimate will has set up what is known as a ...
Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Marguerita is a Certified Financial Planner (CFP), Chartered Retirement Planning Counselor ...