The term intestate refers to a situation where a person passes away without a valid Last Will and Testament. When this occurs, their assets are distributed according to the intestacy laws of the state where they resided at the time of death.
What Happens If Someone Dies Intestate?
State Intestacy Laws Apply:
Each state has specific laws that determine how the deceased’s assets will be distributed. Typically, these laws prioritize close family members, such as:Spouses
Children
Parents
Siblings
The distribution hierarchy may vary depending on whether the deceased was married, had children, or had living parents or siblings.
Court-Appointed Administrator:
If no executor is named (as there is no Will), the probate court appoints an administrator to manage the estate. This person is responsible for:Identifying and valuing assets.
Paying off debts and taxes.
Distributing remaining assets according to state laws.