Dying without a valid will leaves asset distribution entirely to state intestacy laws. State statutes enforce rigid inheritance formulas that rarely align with personal intentions.
Intestacy laws vary significantly by state. Many taxpayers assume a surviving spouse automatically inherits 100% of an estate, but state formulas frequently split assets with children or parents.
Intestate estates face longer probate delays, higher administrative court costs, and potential family disputes. Drafting formal estate documents ensures your personal wishes govern asset distribution.
Consulting a licensed estate planning attorney establishes legal protection for your family.
Where do you store your primary financial and estate documents?
(For educational purposes only. Not legal advice.)
