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2 posts tagged Intestate Succession, newest first.
If you die without a will, your state intestate succession statute decides who inherits, usually spouse and children first. A probate court also appoints the administrator and, if needed, a guardian for minor children.
Most adults do not have a will. The default rules (intestate succession) often produce results the deceased would not have chosen. A simple decision tree helps a healthy adult pick between a will, a revocable living trust, and a hybrid arrangement based on family structure, asset complexity, and state.