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Financial Planning Information
Estate Planning
Introduction to Wills
Revocable Trusts
Power-of-Attorney
Living Wills, Health Care Proxies, and Advance Health Care Directives
The Probate Process
Planning With Retirement Benefits
Guidelines for Individual Executors and Trustees

The Lawyer's Role

Tax Changes From 2001
Banking with ING Direct

What Happens if You Pass Away Without A Will

If you pass away intestate (without a will), your state's laws of descent and distribution will determine who receives your property by default. These laws vary from state to state, but typically the distribution would be to your spouse and children, or if none, to other family members. A state's plan often reflects the legislature's guess as to how most people would dispose of their estate and builds in protections for certain beneficiaries, particularly minor children. That plan may or may not reflect your actual wishes, and some of the built-in protections may not be necessary in a harmonious family setting. A will allows you to alter the state's default plan to suit your personal preferences.

 

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Estate Planning
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Related Questions & Answers

An Introduction To Wills

» What Happens if You Die Without A Will?

» What A Will Does

» What A Will Does Not Do

» How To Execute a Will

Types of Non-probate Property

» Jointly Owned Property

» Trusts

» Annuities and Retirement Benefits

» Life Insurance

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