Inheritance
Learn about inheritance planning, tax implications, and distribution strategies. Discover how trusts and estate documents help families preserve wealth.
What happens to inheritance if there's no will or trust?
When someone dies without a will or trust, their assets go through probate and are distributed according to state intestacy laws. These laws typically prioritize spouses and children, but the process can be lengthy and costly. Creating estate planning documents helps families avoid this situation and ensures assets are distributed according to personal wishes rather than state-mandated rules.
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