2006-07-28 17:08:23 · 17 answers · asked by alex c 1 in Business & Finance ➔ Other - Business & Finance
Depends on the intestate laws of the state of the decedant. Normally the surviving brothers or sisters, aunts, uncles, grandparents, or cousins if no family then the money escheats. Reverts to the state and is kept as unclaimed funds for either a period of time or in perpetuity. Every state has intestate laws. You can look up laws on the net at www.findlaw.com and put in key words like probate or intestate.
Good Luck
2006-07-28 17:14:16 · answer #1 · answered by teenriodoll 3 · 3⤊ 0⤋
If there is no will, and one partner dies, the other partner inherits. If both partners die, then each state has rules for intestate sucession. Usually, parents, then siblings would inherit the estate. If there are no surviving family members, then the estate escheats to the state, meaning that the state gets the estate.
2006-07-29 00:11:49 · answer #2 · answered by magic621a 5 · 0⤊ 0⤋
When one dies, the surviving spouse. When last dies, the state.
2006-07-29 00:15:32 · answer #3 · answered by Anonymous · 0⤊ 0⤋
The surviving spouse. If the surviving spouse dies with out a will, then the neices, nephews and siblings will fight over it and the lawyers make a fortune.
2006-07-29 00:10:56 · answer #4 · answered by WhatAmI? 7 · 0⤊ 1⤋
If there's no one to inherit the goods... the state takes it all.
2006-07-29 00:11:53 · answer #5 · answered by Wiley 2 · 0⤊ 0⤋
The closest next of kin. If no kin - then the state in which the couple resided at the time of death.
2006-07-29 00:13:44 · answer #6 · answered by Justjam 2 · 0⤊ 0⤋
Spouse.
2006-07-29 00:11:32 · answer #7 · answered by G.V. 6 · 0⤊ 0⤋
The spouse,but if he is second marriage it will dived among the children and the surviving spouse.
2006-07-29 00:15:17 · answer #8 · answered by Javy 7 · 0⤊ 0⤋
if it's a community property state like California and it is not sole and separate property...then the surviving spouse gets it.
2006-07-29 00:12:03 · answer #9 · answered by Anonymous · 0⤊ 0⤋
In most states the line of priority is:
Spouse
Children
Parents
Siblings
2006-07-29 00:14:02 · answer #10 · answered by J Somethingorother 6 · 0⤊ 0⤋