There are aires but no will to estate. Multiple bank accounts etc and some property.
2007-01-12 12:56:15 · 2 answers · asked by lightembracesme 1 in Business & Finance ➔ Taxes ➔ United States
Assets are probated, meaning a judge determines who gets what. The word is "heirs"
Assets are distributed "per stirpes", which is latin for by relationship according to law. Children get first claim if there was no living spouse. If there are 3 kids, then the assets are split 3 ways. If there are no kids, the grandkids or siblings get a share, again, according to state law
2007-01-12 14:56:48 · answer #1 · answered by WealthBuilder 4 · 0⤊ 0⤋
All assets become the property of the state. Then it would go into probate, the aires would have to file a claim, get an lawyer, go to court, money, money, out and whatever is left over would be divided among the true aires.
2007-01-12 21:03:20 · answer #2 · answered by D S 4 · 0⤊ 0⤋