This common misperception comes from the concept of state intestate succession laws. Only in very rare cases where absolutely no living heirs can be found will the state get your assets when you die. The state laws of intestate succession, however, will determine who does get your assets if you die without a valid Last Will and Testament in place. One reason people often give for not executing a Will is that they are married and, therefore, their spouse will get to decide who gets what when they die, making a Will unnecessary. This could happen; however, a more likely scenario is that your spouse will only inherit a portion of your estate
Topics covered in this report include:
- I Don’t Need a Last Will &Testament until I Am Older
- Estate Planning Is Only for the Wealthy
- If I Die Without a Will the State of Texas Gets My Property
- If I Die Without a Will My Spouse Decides Who Gets My Assets
- If I Have a Will My Family Doesn’t Have to Worry about Probate
- I Should Put My Adult Child on the Title to My House
- A Living Trust always Eliminates Estate Taxes
- All Lifetime Gifts Are Subject to Gift Taxes
- I Don’t Need to Worry about Medicaid Planning until I’m Older
- Since I’m Married I Don’t Need to Worry about Incapacity Planning
- I Don’t Need a Lawyer to Draft Simple Estate Planning Documents
- Once My Estate Plan Is In Place I Can Rest Easy
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Mr. Stephen Mendel is an attorney who focuses a substantial part of his practice on estate planning. Mr. Mendel’s guiding principle is to provide his clients with quality legal services tailored to each client’s specific needs and goals.
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