What Happens When Someone Dies Without a Valid Will
Have you considered what will happen if you die without a will? What happens to your estate?
A will is an important legal document that details who will receive assets after someone dies and also names a personal representative to administer the estate.
“If you don’t have a will, the intestacy laws will govern whatever passes through your estate,” says Katherine Dorval, a trust-and-estate attorney with Bowditch & Dewey in Worcester, Mass., referring to state laws that determine what happens when someone dies without a valid will. “You lose the opportunity to not only choose who is going to be in charge of your estate, but also how the assets will pass.”
Continue reading “The Five Documents You Need to Have in Your Estate Plan” on The Wall Street Journal website.
Categorized: Wills
Tagged In: estate planning, will
