Fremont,United States - August 30, 2022 /NewsNetwork/ —
“How to Handle the Death of a Family Member Without a Will” discusses intestate succession law and the responsibilities of a personal representative.
More information is available at https://uniquelyyouestateplanning.com/how-to-handle-the-death-of-a-family-member-without-a-will
The law firm’s new report emphasizes the importance of estate planning regardless of age or health. It estimates that 33% of Americans have no basic will or estate plan set up in case of their passing and that, as such, it is common for surviving family members to be confronted with the complexities of intestate succession law.
Passing away without a valid will is referred to legally as “dying intestate”. In this situation, the family and dependents of the deceased have to accept the decisions made by a judge in a probate court.
These state-dependent inheritance laws can vary greatly and become complicated for grieving family members. For example, inheriting property may fall under community property, common, or elective community property law.
The report recommends contacting the previous financial advisor or legal representative of the deceased to ensure that there is no will on file. Alternatively, there may be a safety deposit box or residential safe containing will paperwork.
This process may require a probate petition to be submitted or for an executor to be appointed to handle assets. If no will is found or some assets are not addressed in the will at all, intestate succession laws can apply and an executor will be selected to resolve the estate, conventionally the surviving spouse of the deceased.
The report indicates that before accepting the role of the estate representative, prospective executors should consider the impact this could have on their day-to-day life, such as travel time and family conflict.
About UniquelyYou Estate Planning, LLC
Led by Dawn DiManna, Esq., the firm consists of a team of experienced attorneys who can support executors and representatives with the processes of managing an estate, paying debts, and distributing property among heirs.
In addition to handling intestate succession law, UniquelyYou helps clients write and validate living wills and trusts that enable them to pass their financial and non-financial assets on to loved ones or charitable organizations of their choice.
Contact Info:
Name: Dawn DiManna
Email: Send Email
Organization: Uniquely You Estate Planning, LLC
Address: 59 Deer Run, Fremont, New Hampshire 03044, United States
Phone: +1-603-770-9135
Website: https://uniquelyyouestateplanning.com
Source: NewsNetwork
Release ID: 89080949
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