2007-12-04 08:12:15 · 6 answers · asked by vindicated137 2 in Politics & Government ➔ Law & Ethics
If memory serves me correctly...the estate goes to the state!
2007-12-04 08:16:22 · answer #1 · answered by KC V ™ 7 · 0⤊ 0⤋
Once a person dies, his creditors may file claims against the estate for any debts owed. There may be taxes, credit card balances, car payments, etc.
Once all liabilities have been satisfied, the law of intestate succession kicks in: this is the list of people who get the estate if someone dies without a will.
If none of those people exist (or if they disclaim their inheritance), the estate escheats (is claimed by) the state.
2007-12-04 08:40:00 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It goes to the state. Assets are liquidated to cover the debts and whatever is leftover goes straight to the state the deceased lived in. It doesn't matter what age you are it is always best to have a will. In the event such a thing occured, any assets could say, go to your favourite charity instead of the states coffers.
2007-12-04 08:22:56 · answer #3 · answered by beut_els_guese 6 · 0⤊ 0⤋
The answers here, that it goes to the state (or, in the UK, the crown) are correct. (As far as I am aware, that is correct for all the states in the US.) The legal doctrine is called "escheat," and here is an article about it.
http://en.wikipedia.org/wiki/Escheat
2007-12-04 08:43:31 · answer #4 · answered by Anonymous · 0⤊ 0⤋
In most states the state. Pretty self serving right?
2007-12-04 08:16:28 · answer #5 · answered by Mike S 7 · 0⤊ 0⤋
Im sure it would get auctioned off by the government.
2007-12-04 08:22:02 · answer #6 · answered by lalala 1 · 0⤊ 0⤋