2006-12-30 06:35:47 · 5 answers · asked by octavia h 1 in Business & Finance ➔ Personal Finance
It will get passed on according to the terms of YOUR will. If you die intestate, the state will decide how your estate will be divided. Have a will made up, that way YOU decide, not the state!
2006-12-30 06:43:58 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋
As long as you don't die before you inherit it you should get it and not the next person. So if you die you write up this document called a will that tells where and who everything you own goes to. Since you inherited the money in your will it would be a part of all of your money. Your will would say, "I leave all my money to..........." So when you die that money would go to the person in your will.
2006-12-30 06:42:59 · answer #2 · answered by skatingshopper247 2 · 0⤊ 0⤋
It will get passed on to the next of kin if you designate that person as the beneficiary on whatever account in which the money is kept. The other option would be to get a will.
2006-12-30 06:38:19 · answer #3 · answered by Noonie 2 · 0⤊ 0⤋
If you die intestate (without a will) the laws in the state in which you die will determine what will happen your estate. Best thing is to have a will so you knw for sure what will happen.
2006-12-30 07:54:04 · answer #4 · answered by frugernity 6 · 0⤊ 0⤋
Yes, unless you have a will that designates whom you want your estate to go to.
2006-12-30 18:01:50 · answer #5 · answered by Steve R 6 · 0⤊ 0⤋