By: Martin M. Shenkman, CPA, MBA, JD

When someone dies without a will they are said to die "intestate". If this occurs, state law will determine who will be in charge of administering their estate and who will inherit assets in the estate. Since these laws are simplistic and generic they can never substitute for a will. Sometimes disclaimers (renunciations, refusing to accept an inheritance) can be used to shift assets to where they should be inherited when an intestacy occurs.

Our Consumer Webcasts and Blogs

Subscribe to our email list to receive information on consumer webcasts and blogs, for practical legal information in simple English, delivered to your inbox. For more professional driven information, please visit Shenkman Law to subscribe.

Ad Space