While most of us hope to live forever, the truth of the matter is that it’s just not in the cards. Death is inevitable, and you have to be prepared for it.
When you die, all of your assets are passed to someone. Who that person is depends completely upon you, and whether you have acted to sign documents for what you want. If you haven’t, the state where you live makes the decision for you because you’ve not acted.
If you’ve got a last will and testament effectively signed, your estate will go to the people whom you’ve specified in your will to receive it. If you don’t have a last will and testament that is signed, your estate is subject to the laws of the land.
So, what does that mean exactly? Let’s discuss.
These are the legal repercussions of dying without a will.