Title: Planning for the Future: The Legal Side of Death
|Date:||November 23, 2015|
|Length:||6 / 1596|
|No of views:||0|
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Intestacy, on the other hand, refers to the general rules governing the disposition of the property of someone who dies intestate, i.e., without a will, or who leaves a will that fails to dispose of all assets.
In a will, a person or "testator" expresses, in writing, what he (or she) wants done with his property after he dies...
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Most states require wills to be signed by the testator and witnessed by two people. "Probate" is a court proceeding in which final debts are settled and legal title to property is formally passed from the deceased person or "decedent" to his heirs. Probate proceedings take place in the probate court or surrogate court in the county of the decedent's legal residence at the time of his death...
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